IBM Stock Rises on Quantum Computing Roadmap Reveal
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IBM shares gained 2.4% to $275.23 after unveiling plans to develop the world''s first fault-tolerant quantum computer by 2029. The IBM Quantum Starling system, slated for deployment at its Poughkeepsie data center, promises 20,000x the computational power of current quantum machines.
"We''ve solved the scientific challenges," said IBM Quantum VP Jay Gambetta, citing breakthroughs in qLDPC error-correction codes and real-time fault mitigation techniques. The announcement extends IBM''s 25% YTD rally as investors position for quantum computing''s commercial viability.
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