“By exploring how quantum computers from IBM and the advanced high-performance compute technologies of AMD can work together, we will build a powerful hybrid model that pushes past the limits of traditional computing,” Arvind Krishna, IBM chairman and CEO, said in a statement.

AMD and IBM's partnership in hybrid quantum-classical computing targets a $130B market. Read here for an analysi of both the stocks.

IBM and AMD have agreed to collaborate on quantum computing, creating a powerful tech duo amid growing optimism that the technology will have real-world implications sooner rather than later. Why it matters: Quantum computing could have huge implications for everything from drug discovery,