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US-based semiconductor chipmaking giant, Advanced Micro Devices, also popularly known as AMD, shares jumped more than 7% on Wall Street after IBM announced it uses the company's chips to run a key quantum computing error correction algorithm.

Advanced Micro Devices, or AMD, shares jumped 7.6% to hit the intraday high of $253.08 during Friday's Wall Street session, compared to $234.99 at the previous market close. The company shares jumped soon after the markets opened for the US market investors on 24 October 2025.

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