“By exploring how quantum computers from IBM and the advanced high-performance compute technologies of AMD can work together, we will build a powerful hybrid model that pushes past the limits of traditional computing,” Arvind Krishna, IBM chairman and CEO, said in a statement.

IBM and AMD have agreed to collaborate on quantum computing, creating a powerful tech duo amid growing optimism that the technology will have real-world implications sooner rather than later. Why it matters: Quantum computing could have huge implications for everything from drug discovery,

Investing.com -- Advanced Micro Devices (NASDAQ:AMD) stock rose 2.8% and International Business Machines (NYSE:IBM) shares gained 0.9% after the two tech giants announced plans to collaborate on next-generation quantum-centric supercomputing architectures.