IBM expands quantum computing access globally via new data centers, software updates, and AI technology

From Nasdaq: 2024-10-03 09:15:00

IBM unveiled Europe’s first IBM Quantum Data Center in Germany, expanding quantum computing access to global users via the cloud. Featuring advanced systems, the data center aims to achieve quantum advantage. In New York, IBM completed the expansion of its Quantum Data Center, enhancing quantum circuit accuracy and speed. IBM also announced updates to its Qiskit software, maximizing quantum hardware performance and offering new services tailored to user needs. The Watsonx platform is gaining traction as IBM’s core AI technology, providing enterprise-ready AI and data solutions to enhance productivity.The company has seen a significant increase in profitability and estimate revisions, with bullish sentiment reflecting strong growth potential. Despite margin pressure from competition and pricing, IBM remains focused on hybrid cloud and generative AI solutions to meet increasing demand for cloud workloads. With a Zacks Rank of 2 (Buy), IBM is poised for further stock price appreciation and remains a strong investment opportunity.



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