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Not IonQ. Not D-Wave. This "Boring" Blue Chip Stock Is Quietly Leading in Quantum Computing
The Motley Fool • • business
Key Points:
- Quantum computing is gaining investor attention as a transformative technology capable of solving problems beyond the reach of classical computers, with companies like IonQ and D-Wave Quantum making significant progress.
- Unlike smaller specialized firms, IBM, a longstanding tech giant, is emerging as a leader in quantum computing, leveraging its extensive resources and infrastructure to advance the technology.
- IBM has committed $10 billion over five years to its quantum computing roadmap and currently operates the world's largest fleet of quantum computers, including its latest Nighthawk r2 processor with 120 qubits.
- The company expects quantum computing to significantly impact its financial performance by 2028 or 2029, with potential value reaching trillions of dollars by the end of the 2030s.
- While quantum advantage—the point where quantum computers outperform classical ones commercially—has not yet been broadly achieved, IBM and its partners continue to demonstrate promising advancements in this field.
