Even though the Large Cap stocks in the U.S. have pulled back and the Santa Claus rally has fizzled out, it has not hindered the booming momentum in Quantum Computing.

On Friday, December 28, Eastern Time, the three major U.S. stock indices all closed lower, with the S&P and Nasdaq dropping more than 1%, while the Chinese concept stock WiMi Hologram Cloud Inc. surged by 77.5%, reaching a new high in over two years.

Before the stock price soared, WiMi Hologram, which focuses on developing holographic augmented reality (AR) technology, announced that it has developed a Quantum Random Access Memory architecture (QRAM) based on quantum technology, aimed at improving data processing efficiency in quantum systems. This announcement of the new technology is seen as WiMi Hologram's effort to position itself in the Quantum Computing Industry, reflecting investors' positive bets on areas expected to play an important role in quantum computing.

According to WiMi Hologram's announcement, its developed QRAM architecture combines key fundamental operations in quantum computing, such as controlled NOT gates (CNOT), V gates, and V+ gates, successfully implementing basic logical operations in quantum logic gates, such as AND, OR, NOT, and NOR gates, to perform the essential logical operations needed to build quantum circuits.

The announcement states that QRAM is a memory architecture specially designed for quantum computing environments, with the core goal of achieving efficient read and write capabilities while maintaining the state of quantum systems. The design of QRAM aims not only to utilize the parallel processing capabilities of quantum computing but also to harness quantum properties such as superposition and entanglement to significantly enhance computational efficiency.

The announcement states that WiMi Hologram's QRAM design is intended to integrate seamlessly with quantum computers. Since quantum computing operations rely on the superposition and entangled states of qubits, the QRAM system exhibits high compatibility when connected to a quantum processing unit (QPU). This design ensures the smooth transfer of qubits between memory and processor during data access, thereby significantly improving computational efficiency.

The soaring stock price of WiMi Hologram Cloud is another manifestation of the year-end enthusiasm for the Quantum Computing concept in the US stock market. Earlier this month, Google's Willow quantum chip made its debut, achieving a significant breakthrough where the error rate decreases exponentially with the increase of quantum bits, and it can solve problems that would take supercomputers approximately 1 billion years to resolve in just 5 minutes. Following this announcement, the stock price of Google's parent company Alphabet rose, driving related Quantum Computing stocks to soar.

Wall Street news previously mentioned that quantum computing stocks surged this Thursday, with Rigetti Computing, hailed as the NVIDIA of the Quantum Computing realm, closing up 36%; D-Wave Quantum and Quantum Computing rose by 24% and 12.5%, respectively.

Analysts indicate that this exciting increase highlights the market's confidence in quantum computing becoming a transformative force across Industries. Currently, quantum computing is on a rapid growth trajectory, and experts anticipate that as the technology matures, its potential in efficiently solving complex problems and computational capability will further expand.

Among various Industries, fields such as pharmaceuticals (drug discovery), finance (financial modeling), and Logistics (supply chain optimization) are expected to be early applications of quantum technology.