Google’s Quantum Computing Breakthrough… And Health Insurers In The Spotlight 12/10/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 December 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Alphabet surging as Google unveils a ‘breakthrough’ quantum computing chip. What it means for the future of coding, and the areas of tech that could benefit. Plus A spotlight on the health insurance space, as the suspect in the UNH CEO murder investigation heads to his first court appearance. The latest details on his motives, and how it could all impact other players in the health insurance space. Fast Money Disclaimer

Transcript

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0:00.0	Live in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:04.8	Here's what's on top tonight.
0:06.3	Gaga for Google shares of alphabet surging after a major breakthrough in quantum computing.
0:11.7	What we know about how this technology could change everything.
0:15.0	Maybe.
0:15.9	And the suspected shooter of the United Healthcare CEO raging ahead of its first court appearance today.
0:21.8	The latest updates on the case and how last week's events could lead to more scrutiny of the
0:25.9	insurance sector. Plus Walgreens and talks to go private, again. Boeing restart's production
0:31.0	of the embattled MaxJet and Amazon's delivery drones finally take off in Phoenix. The details on all
0:36.8	those stories coming up.
0:38.3	I'm Melissa Lee coming to you live from Studio Bia at the NASDAQ on the Destin. Tim Seymour,
0:41.8	C. Brasso, Guy Dami, and Julie Beale. We start off with Google's groundbreaking achievement.
0:46.7	The tech giant announcing its quantum chip willow computed a calculation that normally takes
0:51.3	10 septillion years. What?
0:55.0	It's a lot.
0:56.0	It's a long time, guy.
0:57.0	In just under five minutes, quantum computing is hailed as the next frontier in Uber-high technology.
1:03.0	Some hope it can provide answers to everything from drug development and space travel to the origin of the universe.
1:09.0	But so far, there are no real world application.
1:11.7	Still, the breakthrough cent shares of Alphabet surging more than 5%,
1:15.6	adding nearly $120 billion to its market cap.
1:19.1	Does this milestone give the mega cap a leg up in the big tech race?
	...

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