IBM CEO says quantum computing will have a 'measurable impact' on earnings by 2028 or 2029
📰 source: cnbc_topnews · 💼 business
ibm ceo arvind krishna said thursday that quantum computing will have a 'measurable impact' on the company's top and bottom lines by 2028 or 2029. by the end of the 2030s, he said, quantum could represent a trillion dollars of value.
ibm and startup algorithmiq unveiled new research showing a quantum computer solving certain problems more efficiently than classical computers, while verifying results. krishna said ibm's quantum machine uncovered material behaviors researchers couldn't see with conventional computing, potentially leading to better batteries, advanced materials, fusion energy, and smarter medicines. skeptics still cite high error rates and scalability issues, but ibm is building a quantum chip foundry with $1 billion each from the u.s. commerce department and ibm itself.
separately, krishna addressed ibm's worst single-day stock drop on record — shares fell 25% on july 14 after earnings. they've recovered only 2%. he said delayed capital spending deals are postponements, not cancellations: about 40% have closed in three to four weeks.
why it matters: quantum computing timeline gives ibm a potential growth engine, but recent stock plunge shows near-term demand worries persist.
source: cnbc_topnews
sentiment: +0.20 · impact: 0.40