Alphabet stock soared on Tuesday after the company announced a major achievement in quantum technology.

Google’s parent company unveiled its Willow chip, capable of performing complex quantum computations in under five minutes. In comparison, the same task would take modern supercomputers 10 septillion years.

Alphabet’s stock jumped 6% during the day, adding approximately $136 billion to its market value, marking its best intraday performance since April. By midday, the gain had eased to 5%.

The news generated widespread interest, including a reaction from Elon Musk, who suggested the possibility of launching a “quantum cluster” into space using SpaceX’s Starship rocket.

Analysts at Piper Sandler also highlighted positive prospects for the company. Their report indicated that 75% of advertisers view artificial intelligence tools like Gemini as key to growth in 2025.

Piper Sandler maintains an “Overweight” rating for Alphabet stock with a price target of $210, suggesting a 14% upside from the current level.