IBM Aims for 10,000 Logic Gates in Quantum Chip by 2027
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11h ago
0mins
Source: Fool
- Quantum Computing Strategy: IBM is developing the Nighthawk quantum chip, which is expected to achieve 10,000 logic gates by 2027, positioning it to lead in advanced simulations within IBM Cloud, thereby enhancing its competitive edge in the market.
- Error Mitigation Tools: IBM is focused on developing error mitigation tools to improve the accuracy of quantum computations, which will not only enhance the reliability of results but also provide robust support for the application of its quantum computing software, Qiskit.
- Cutting-Edge Technology Investment: IBM's quantum computing strategy extends beyond chip development to creating a strong software stack, indicating its long-term investment intent in the quantum computing space, aiming to capture significant market share as the technology matures.
- Industry Competitive Landscape: While Nvidia and Alphabet are less known in quantum computing, their technological advancements, such as Nvidia's NVQLink and Alphabet's Willow chip, demonstrate the potential of large tech companies in this emerging field, which may pose competitive pressure on IBM.
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 312.00 USD with a low forecast of 236.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
38 Analyst Rating
31 Buy
7 Hold
0 Sell
Strong Buy
Current: 325.440
Low
236.00
Averages
312.00
High
350.00
Current: 325.440
Low
236.00
Averages
312.00
High
350.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
