Less than two months ago, I mentioned Apple as probably the next record-breaking tech giant in terms of its market value. The early execution of the forecast has been delivered already in the last trading session of November, and the upside move here is still going on, reportedly due to slowly growing demand on AI-integrated features in latest iPhone line-ups. While Apple share price is approaching a meaningful landmark of $250, my other prediction related to Google's further strength is just preparing to become true as well. I have repeatedly highlighted Google as a still clearly underestimated company, and now the Wall Street crowd started to fix this bug. At least, Google came into the spotlight once again, so that its share price added more than 5.5% on Tuesday and nearly 1% more on Wednesday's pre-market after a public demonstration of its actual breakthrough in quantum computing technology.

Google-designed new generation chip, called Willow and based on numerous quantum bits where each of them are conveyed to one of the two atomic states instead of normally used semiconductor properties, successfully solved a multi-task computing problem after spending in five minutes even though this would take more time (nearly 10 septillion years) than the history of the whole universe for a classical computer. Many tech corporations are attempting to build quantum systems to eventually perform at much faster speeds than silicon-based computers, yet all of them turned out to be strongly error-prone, which made such kinds of systems rather unstable and, therefore, unreliable. The more qubits (elementary quantum units) are used, the more errors typically occur, but Google pretended on superiority by saying it found a way to string together qubits in the way that allows error rates to exponentially decline as the number of qubits is rising, with an additional ability of correcting errors in a real time working process.

Of course, the ultimate goal is to make quantum computing commercially viable, which is still not achieved now, but Google CEO Sundar Pichai shared a vision that an important step was done in a journey to practical applications like more effective drug discovery, fusion energy or more powerful battery design. Anyway, a nearly three decades long challenge now has a proper answer, with a telling reaction even from Tesla and SpaceX founder Elon Musk, who expressed his emotions with a single word "wow" at social media platform X, formerly Twitter.

Google parent Alphabet has updated a maximum since July, marching ahead within less than $5 per share from refreshing its historical highs. The stock soared more than 30% so far year-to-date, yet the Wall Street's analyst pool target area was around $210 on average before the news, which meant around 13% of free space upside, and it supposedly will be raised soon. The whole thing is of course not a matter of just an important scientific breakthrough but mostly with rapidly improving performance of Google in its cloud and search engine business, which is generating growing numbers of ad-based inflows together with billions of YouTube views.

I will not repeat particular numbers of sales and quarterly profits, but all I want to say now is that my personal projections for profits from holding Google shares became higher, based on refreshing all-time highs first (I bet it will be done before the end of 2024), with further targeting above $225 (before mid-summer or maybe in early spring of 2025 already, depending on current quarter's earnings results in early February.