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🤯 Google's Willow Chip Leaves Supercomputers in the Dust

🤯 Google's Willow Chip Leaves Supercomputers in the Dust

Lucian H & Gun Woo Lee
December 10, 2024

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Good Morning. This is the Investor Lookout with the daily digest.

Here’s what we got today:

🤯 Quantum Milestone Achieved by Google's Quantum Computer
🖥️ Weak AWS AI Demand Triggers AMD Downgrade
📞 T-Mobile Shares Drop as CEO Tempers Q4 Expectations

Quantum Milestone Achieved by Google's Quantum Computer

If waiting ten septillion years isn't your style, Google has a quantum leap for you. Alphabet's ($GOOGL) new quantum computer solved a task in minutes that would take supercomputers about 10,000,000,000,000,000,000,000,000 years, way longer than the universe has been around. The Willow chip is much faster than Google's performance 5 years ago when it solved a 10,000-year task in minutes. The algorithm tested has no immediate use, but that's not the point, said Hartmut Neven, Google Quantum AI founder. It's a necessary step toward real-world applications.

Source: Google

The new chip reduces error rates, making building a bigger quantum computer possible.
Google aims to demonstrate a practical quantum use next year that would be unsolvable by classical computers.

Weak AWS AI Demand Triggers AMD Downgrade

Seems like AMD's AI chips are not flying off the shelves at AWS. The company took a hit after a Business Insider report revealed low demand for its AI chips among AWS customers. Bank of America ($BAC) downgraded the tech giant on Monday to "neutral," mentioning tougher competition from Nvidia ($NVDA) and custom silicon at AWS. AMD's ($AMD) shares fell over 5% yesterday after a 2% decrease on Friday. The stock is down 5% this year. AWS continues favoring its Trainium chips and Nvidia hardware, but AMD could still capitalize if Nvidia shortages persist.

Source: AMD

AMD raised its GPU sales forecast but remains far behind Nvidia's market share.
Bank of America said the semiconductor company is well positioned in server chips, as Intel struggles in this area.

T-Mobile Shares Drop as CEO Tempers Q4 Expectations

After a stellar Q3, T-Mobile sets more modest expectations for its year-end performance. T-Mobile ($TMUS) CEO Mike Sievert urged caution over the company's fourth-quarter results, citing challenges compared to a record-setting Q3. At the UBS investors conference, Sievert warned that Q4 results would be "back-end loaded," leading to a 6% drop in its shares. The company added 865,000 new subscribers last quarter, a decade high, and expects that to be tough to beat in Q4. T-Mobile's fixed wireless product will reach 12 million subscribers, and Sievert is unsure if it will "get beyond" that number.

T-Mobile raised its 2024 customer and earnings forecasts in October after a strong Q3 performance.
Core adjusted EBITDA for 2024 is forecasted at $31.6 billion to $31.8 billion.

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