IBM says 'Loon' chip shows path to useful quantum computers by 2029
1. IBM's Loon chip signifies progress toward practical quantum computing. 2. This advancement could reshape computing capabilities within the decade.
FAQ
Why Bullish?
IBM's investment in quantum technology could enhance its competitive edge, similar to past innovations in cloud computing that drove stock price increases.
How important is it?
The announcement is critical as it positions IBM as a leader in quantum computing, likely attracting investor interest and partnerships.
Why Long Term?
The implications of practical quantum computing will unfold over several years, akin to advancements in AI and cloud services impacting IBM's trajectory.