Alphabet Inc. shares (GOOG) surged 6.3% Tuesday, marking the biggest jump since October, following the announcement of a significant quantum computing milestone. The Google parent introduced the Willow quantum chip,

Alphabet shares rose Tuesday following Google’ s announcement of a new chip designed to advance quantum computing. Google claims that this chip, called Willow, significantly reduces errors that have long hindered the development of commercially viable quantum computing.

Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing.