IBM has ‘ingredients to win in quantum,’ says Melius Research

After having spent a day at IBM‘s (IBM) quantum lab and meeting with Jay Gambetta, Director of IBM Research, Melius Research analyst Benjamin Reitzes reiterates a Buy rating on the shares, telling investors that IBM has the most quantum computers in use today, “by far,” and arguing that its potential in quantum “looks like it could amount to billions of high-margin annualized revenue” starting in 2029. The “Starling” line of quantum computers has the potential to unlock capabilities to run revolutionary applications on a 200 qubit platform with an error correction rate that “finally allows this technology cross the chasm,” according to the analyst, who adds that IBM seems to have “the ingredients to win in Quantum since it arguably has the best hardware roadmap and the mindshare of developers with its Qiskit platform.”