IBM (IBM, Financial) shares rose by 1.5%, reaching a historic high, with a year-to-date increase of over 25%. The surge follows IBM's announcement of a "feasible path" to build the world's first large-scale fault-tolerant quantum computer by 2030, boasting operational capabilities 20,000 times greater than current quantum computers. The IBM Quantum Loon, designed to test the architecture, is expected to launch later this year.
The rise in IBM's stock marks the eighth consecutive day of gains, closing at $276.24. This momentum is driven by the company's significant advancement in quantum computing technology. IBM's planned quantum computer, named "IBM Starling," promises to accelerate progress and reduce costs in fields like drug development, material discovery, chemical simulations, and complex optimizations.
IBM has emphasized the importance of fault-tolerant quantum computers, which can effectively suppress inevitable errors during quantum operations—a core challenge in the engineering of quantum computing. To achieve the 2029 Starling goal, IBM has outlined a detailed milestone plan, including the upcoming release of IBM Quantum Loon to test specific architecture components, paving the way for a fault-tolerant system.
Become a Premium Member to See This: (Free Trial):
