IBM Goes Big On Quantum Computing Game, Extends Development Roadmap To 2033
Portfolio Pulse from Lekha Gupta
IBM has launched 'IBM Quantum Heron,' a new utility-scale quantum processor, and unveiled IBM Quantum System Two, a modular quantum computer. The company has also expanded its Quantum Development Roadmap to 2033 and released Qiskit 1.0, an open-source quantum programming software. IBM shares are trading higher by 0.50% at $161.35.
December 04, 2023 | 5:34 pm
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IBM has introduced a new quantum processor, IBM Quantum Heron, and a modular quantum computer, IBM Quantum System Two, while also expanding its development roadmap and releasing new software, Qiskit 1.0.
The launch of new quantum computing products and the expansion of IBM's development roadmap are likely to be viewed positively by investors, as these developments indicate progress in a cutting-edge technology area. The positive price action reflects investor optimism, suggesting a potential short-term uplift in IBM's stock.
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