"Quantum computing has generated huge buzz, with potential to tackle problems in drug discovery, materials science, and optimization that stump traditional computers. Over the last two years, shares of Rigetti Computing ( NASDAQ:RGTI ), D-Wave Quantum ( ), and IonQ ( ) have skyrocketed, some gaining over 1,000%, as investors wager on quantum becoming the next artificial intelligence (AI) boom."
"IBM has long been at the forefront of quantum computing, tracing its roots back to theoretical work in the 1980s. The company launched IBM Quantum in 2016, making quantum systems accessible via the cloud to researchers and businesses worldwide. This democratized approach has built a robust ecosystem, with over 250 organizations in the IBM Quantum Network, including Fortune 500 firms, startups, and academic institutions."
Quantum computing offers potential advantages for drug discovery, materials science, and optimization beyond classical capabilities. Several quantum startups have seen dramatic stock gains despite reporting minimal revenue—often under $10 million—and large losses, creating speculative valuations detached from fundamentals. IBM generates billions in revenue and consistent profits from cloud, AI, and consulting operations, enabling sustained and substantial investment in quantum R&D. IBM expanded access to quantum systems via IBM Quantum since 2016, built an ecosystem of over 250 organizations, scaled qubit counts from 5 to 1,121, improved coherence and error rates, and produced Qiskit as a widely used open-source toolkit.
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