08/04/2023

Superconductor Claims Spark Investor Frenzy

Scientists are skeptical of what may come

Last week, two papers by South Korean scientists made an extraordinary claim that sparked a social media frenzy and pushed up prices of some stocks in China and South Korea: the discovery of a practical superconductor.

Superconductors are materials that allow electrical current to flow with no resistance, a property that would revolutionize power grids where energy is lost in transmission as well as advance fields such as computing chips, where electrical resistance acts as a speed limit.

The papers, which appeared on a website used by scientists to share research before formal peer review and publication, spurred researchers around the world - including in at least two U.S. national labs and three Chinese universities - to take a closer look at the proposed material.

Please select this link to read the complete article from Reuters.