What's Going On With WiMi Hologram Cloud Stock On Tuesday?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) shares traded higher in the premarket session on Tuesday, but gave up the gains in the regular trading session.

The firm has made significant strides in quantum computing by developing its Machine Learning-based Quantum Error Suppression Technology (MLQES).

WiMi Hologram said in a press release that this technology addresses a major challenge in quantum computing: error correction.

Quantum devices, which rely on qubits, often face issues like noise, thermodynamic disturbances, and external interference, leading to errors in calculations.

Read Next: Mohammed El Erian Says This Country Faces Japan-Style Economic Risk Even As Tokyo Rebounds

Traditional error correction methods require additional qubits or complex error-correcting codes, which consume valuable quantum resources and add complexity.

WiMi’s MLQES, however, offers a solution by leveraging machine learning to predict and suppress errors without needing extra quantum resources, the company said.

The system uses a supervised learning model trained on historical quantum circuits to predict potential errors in real time.

When the error value exceeds a set threshold, MLQES triggers a segmentation mechanism that breaks down large quantum circuits into smaller, manageable sub-circuits. These sub-circuits can operate independently, reducing noise and error propagation.

Once completed, the results from these sub-circuits are sent to a classical computer for further processing, where a classical reconstruction algorithm combines them into the final output.

WiMi said that by reducing the reliance on error-correcting codes and improving computational efficiency, MLQES paves the way for more practical and accessible quantum computing applications, accelerating advancements in fields like artificial intelligence and materials science.

According to Benzinga Pro, WIMI stock has gained over 51% in the past year.

Price Action: WIMI shares are trading lower by 5.83% to $1.13 at last check on Tuesday.

Read Next:

• US Stocks To Open Higher On Shortened Trading Day: Santa Claus Rally Period Officially Begins, Says Analyst