By Nauman khan
Publication Date: 2025-11-13 11:38:00
This article first appeared on GuruFocus.
Shares of IBM (NYSE:IBM) rose about 2% on Wednesday intraday trading, settling 0.5% on the closing bell after the company revealed major progress in its quantum computing program.
At its annual Quantum Developer Conference, the technology and consulting firm introduced the IBM Quantum Nighthawk, a 120-qubit processor equipped with 218 tunable couplers.
IBM said the chip can execute circuits roughly 30% more complex than its predecessor and keeps the company on track to reach quantum advantage by 2026, the stage when a quantum system can outperform classical computers.
The company also presented an experimental platform called Quantum Loon, designed to test components for future fault-tolerant quantum computers. The announcements generated strong market interest, with shares later closing up 1.8% at $319.36, marking a new 52-week high.
The optimism in the increasing footprint of AI, hybrid cloud, and quantum…
