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Archer Materials Limited ( (AU:AXE) ) has provided an update.
Archer Materials Limited has made a significant advancement in its quantum technology endeavors by achieving a key step toward qubit control. The company’s unique carbon-based spin material demonstrated successful spin detection using a newly designed resonator circuit, which is essential for the development of the 12CQ chip. This milestone underscores the potential of Archer’s material for broader quantum applications and is a critical move towards building a functional qubit targeted for the first half of 2026.
More about Archer Materials Limited
Archer Materials Limited is a semiconductor company that operates in the quantum technology and medical diagnostics industries. The company focuses on advancing quantum technology, particularly in the development of qubits for quantum computing applications.
YTD Price Performance: -34.21%
Average Trading Volume: 196,413
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $63.42M
For an in-depth examination of AXE stock, go to TipRanks’ Stock Analysis page.
