IBM Aims for Quantum Advantage by 2026, Backed by Billion-Dollar Business and Practical Applications
IBM, a tech giant, has made significant strides in quantum computing, with plans to achieve quantum advantage by 2026 and full fault tolerance by 2029. This news comes amidst a growing global market for quantum computing, expected to reach $7.3 billion by 2030.
IBM's commitment to quantum technology is evident in its Starling system, which aims to deliver these milestones. The company has already booked over $1 billion in quantum business since 2017, demonstrating its potential for profitability. IBM's diverse business portfolio, including profitable enterprise software, AI, and hybrid cloud businesses, provides resources and patience for this long-term investment.
IBM's quantum technology is not just theoretical. It has been applied in live financial-market conditions and is part of the world's largest cloud-based quantum network, with nearly 300 organizations and over 600,000 users. Notably, IBM has partnered with HSBC to launch the world's first quantum-enabled algorithmic trading system, showcasing its practical applications.
While pure-play quantum companies like IonQ, Rigetti Computing, and D-Wave Quantum have high valuations, they are years away from profitability. IBM, trading at about 4 times sales, offers a more rational way to invest in the stock market today. IBM shares yield about 2.4% and are supported by recurring revenue.
IBM's quantum computing efforts, backed by its diverse business portfolio and practical applications, position it as a strong player in the growing stock market. As the company works towards achieving quantum advantage and full fault tolerance, investors can expect steady progress and potential returns.
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