公众号记得加星标⭐️，第一时间看推送不会错过。 来 源 ： 内容 编译自 nextplatform 。 量子计算终于开始升温。除了像 QuEra、IonQ、Quantum Computing、Quantinuum、D-Wave 和 Alice & Bob 这样资金雄厚的新兴公司和初创企业之外，还有像谷歌、微软、亚马逊网络服务和英伟 达这样声名显赫、资源雄厚的科技巨头，它们要么在构建量子处理器（QPU），要么在模拟量子处理 器，要么在将量子处理器与传统超级计算机集成。 在过去一年左右的时间里，许多此类公司在纠错、量子比特数量和退相干、规模和量子优势方面取得 了重大进展，其中量子优势是指量子计算机能够解决经典计算机无法解决的问题，或者更实际地说， 解决经典计算机需要多年才能完成的问题，从而使该方法变得不切实际。 在众多量子计算公司中，IBM 无疑是最引人注目的一家。这家拥有 114 年历史的科技巨头数十年来 一直致力于量子计算的挑战，并在过去一年中频频登上新闻头条。值得一提的是，IBM 于今年 6 月 公 布 了 其 量 子 计 算 路 线 图 （ 如 下 所 示 ） ， 旨 在 整 合 构 建 Quantum ...

Core Insights - IBM announced significant advancements in quantum computing, aiming for quantum advantage by the end of 2026 and fault-tolerant quantum computing by 2029 [1][11]. Quantum Processor Development - IBM introduced the Quantum Nighthawk processor, designed to achieve quantum advantage by solving problems more efficiently than classical methods, with delivery expected by the end of 2025 [3]. - Future iterations of the Nighthawk processor are projected to support up to 7,500 gates by the end of 2026, increasing to 10,000 gates in 2027, and potentially 15,000 gates by 2028 [3][5]. Quantum Advantage Tracking - IBM, along with partners, is contributing to a community-led quantum advantage tracker to validate quantum advantage claims, with the first confirmed cases expected by the end of 2026 [4][6]. - The tracker currently supports three experiments focused on observable estimation, variational problems, and efficient classical verification [6]. Error Correction and Fault-Tolerant Computing - IBM's Quantum Loon processor demonstrates all necessary components for fault-tolerant quantum computing, achieving efficient quantum error correction with a ten-fold speedup over existing methods [12][13]. - The company has successfully used classical hardware for real-time error decoding in under 480 nanoseconds, a year ahead of schedule [13]. Fabrication and Development Speed - IBM is transitioning to a 300mm wafer fabrication facility to enhance the development speed of quantum processors, achieving a ten-fold increase in physical complexity [14][15]. - The new facility allows for faster learning and improvement of quantum processor capabilities, including increased qubit connectivity and performance [15]. Software Enhancements - IBM's Qiskit software has been enhanced to provide developers with greater control, achieving a 24% increase in accuracy and reducing the cost of accurate result extraction by over 100 times [8][9]. - Future plans for Qiskit include extending computational libraries for machine learning and optimization by 2027 [10].

Core Insights - Quantum computing represents a high-risk, high-reward investment opportunity, potentially surpassing the impact of artificial intelligence [1] - The combination of quantum computing and AI is projected to generate over $1 trillion in economic value by 2035 [2] Company Analysis: International Business Machines (IBM) - IBM is transitioning from its traditional mainframe and enterprise software business to become a leader in quantum computing, achieving a significant milestone with the deployment of IBM Quantum System Two in Japan [3] - The company has accumulated nearly $1 billion in bookings for its quantum business from 2017 to early 2025, indicating a shift from research to monetization [4] - IBM aims to demonstrate quantum advantage by 2026 and plans to reveal the first error-corrected quantum computer by 2028, with a goal of building a large-scale, fault-tolerant quantum computer by 2029 [5] - The open-source quantum computing software ecosystem, Qiskit, is designed to create a loyal customer base and facilitate practical quantum applications [6] - In Q2 of fiscal 2025, IBM reported $17 billion in revenue (5% year-over-year increase) and $2.80 in non-GAAP earnings per share (15% year-over-year increase), with $4.8 billion in free cash flow [7] - The hybrid infrastructure business, particularly the IBM Z platform, saw a revenue increase of 67% year-over-year, driven by hybrid cloud architecture adoption for AI workloads [8] - IBM's forward P/E ratio is 21.9, significantly lower than its five-year average of 38.7, making it an attractive investment option [9] Company Analysis: IonQ - IonQ is a pure-play quantum hardware company utilizing trapped-ion qubits, which are believed to offer cost and power advantages over superconducting qubits [11][12] - The trapped-ion system provides more stable qubits, reducing error rates, and IonQ is experiencing commercial success through partnerships with organizations like AIST G-QuAT and KISTI [13][14] - In Q2 of fiscal 2025, IonQ's revenues increased by 81.8% year-over-year to $20.7 million, exceeding revenue guidance [15] - IonQ has a strong balance sheet with $1.6 billion in pro forma cash following a $1 billion equity raise, and it expects fiscal 2025 revenues between $82 million and $100 million [15] - The company aims to achieve 800 logical qubits by 2027 and 80,000 by 2030, indicating rapid progress in addressing commercial challenges across various industries [16] - Despite facing execution risks and not yet being profitable, IonQ offers significant upside potential in the quantum computing space, albeit with a high price-to-sales ratio of over 380x [17]

Core Insights - IBM is advancing quantum technology through a partnership with AMD to create scalable, open-source quantum-centric supercomputing platforms, aiming to achieve quantum advantage and drive technological innovations in the quantum ecosystem [1][7] Group 1: Quantum Technology Developments - IBM has updated its Qiskit quantum software platform, introducing Qiskit SDK v1.x, which enhances the building, optimizing, and visualizing of quantum circuits [2] - The Qiskit Transpiler Service now utilizes AI for circuit optimization, achieving a performance increase of 39 times and reducing memory usage by threefold compared to earlier versions [2] - New services in the Qiskit stack, including Runtime, Code Assistant, and Serverless, provide advanced tools for users to develop and execute quantum algorithms [3][7] Group 2: Competitive Landscape - Qualcomm is involved in quantum computing by exploring cryogenic CMOS circuits and low-power semiconductors for quantum control systems, leveraging its semiconductor expertise [4] - NVIDIA supplies essential infrastructure for quantum computing, using its GPUs to simulate quantum systems and facilitate a quantum-AI workflow [5] Group 3: Financial Performance and Valuation - IBM's stock has increased by 21.1% over the past year, while the industry has grown by 26.4% [6] - The company trades at a forward price-to-sales ratio of 3.5, which is below the industry average [8] - The Zacks Consensus Estimate for IBM's earnings for 2025 has been rising over the past 30 days, indicating positive sentiment [9]

Key Points Quantum computing can meet AI's enormous computational and energy needs. Several tech businesses are leading the push to combine AI with quantum computing. Nvidia, IBM, and IonQ possess different strengths to capitalize on bringing quantum computing to AI. 10 stocks we like better than International Business Machines › Organizations and governments around the world are rushing to adopt artificial intelligence (AI). Yet downsides exist. AI requires massive computing capabilities and the ...

Industry Overview - Quantum computing is projected to become a $200 billion market by 2040, with significant growth expected in the broader quantum technology market, which could reach nearly $100 billion by 2035 and double by 2040 [2] - The combination of artificial intelligence (AI) and quantum computing is anticipated to drive a new era of innovation, leveraging the immense computing power required by AI [2] Company Analysis - **Nvidia**: A leader in providing parallel processing chips for AI data centers, Nvidia is developing quantum-accelerated computing through its CUDA-Q programming platform, which integrates quantum and classical systems for real-world applications [5][6][8] - **Microsoft**: With its Majorana 1 quantum processing unit and a strong presence in cloud services through Azure, Microsoft is well-positioned in the quantum computing space. The company has a robust financial standing, with a market cap of $3.7 trillion and a history of consistent dividend payments [9][10][11][12] - **IBM**: A key player in quantum computing, IBM has deployed 13 utility-scale quantum computers and is approaching $1 billion in cumulative bookings. Its Qiskit platform supports nearly 5,000 projects, indicating strong developer engagement [13][14][15][16]

Core Insights - The article discusses the competitive landscape of quantum computing, focusing on Rigetti Computing and IBM as key players in the industry, highlighting their distinct approaches and market strategies [1][2]. Company Overview - Rigetti Computing is a startup that emphasizes cutting-edge quantum processors and scalable systems, while IBM utilizes its extensive experience to create a comprehensive quantum ecosystem that includes hardware, software, and cloud services [1][2]. - Rigetti's stock has decreased by 8.2% year-to-date, whereas IBM's stock has increased by 17.6% in the same period [3]. Valuation - IBM's price/book ratio is 8.92, which is more attractive compared to Rigetti's 19.43 [5]. Technology - Rigetti's Ankaa-3 system features 84 superconducting qubits with approximately 99.5% two-qubit gate fidelity, and it plans to launch a 36-qubit system in mid-2025, aiming to exceed 100 qubits by year-end [8]. - IBM's 133-qubit Heron processor improves upon its predecessor, and its modular architecture supports interconnecting processors like the 1,121-qubit Condor, forming the backbone of Quantum System Two [9]. Business Model - Rigetti's business model is hardware-focused, monetizing through direct system access and partnerships, targeting niche enterprise and research segments [10]. - IBM's model combines hardware, software, and services, commercializing through cloud access and consulting, with over $1 billion in cumulative quantum revenue [11]. Growth Strategies - Rigetti aims to scale its modular systems and achieve a 108-qubit system by the end of 2025, supported by a $250 million partnership [12]. - IBM's strategy focuses on achieving quantum advantage by 2026, leveraging its global infrastructure and enterprise partnerships [13]. Financial Estimates - The Zacks Consensus Estimate for Rigetti's 2025 sales indicates an 18.63% year-over-year decline, while IBM's estimates imply a 5.5% growth [14][15]. - Rigetti's projected loss per share for 2025 is 5 cents, compared to IBM's earnings estimate of $10.95 per share [14][16]. Investment Outlook - IBM holds a Zacks Rank 3 (Hold) with a strong Growth Score of 'A', while Rigetti has a Zacks Rank 4 (Sell) but a Growth Score of 'B', indicating potential upside [16][17]. - IBM's full-stack capabilities and enterprise reach provide a more stable investment option compared to Rigetti's innovative but smaller-scale approach [17].

Core Insights - Quantum computing is poised to unlock trillions of dollars in value by 2040, with its ability to solve complex problems much faster than traditional computers [1] - Recent advancements in qubit stability and error correction are bringing quantum computing closer to mainstream commercial use, with potential transformative impacts across various sectors [2] Company Summaries - **Amazon (AMZN)** is leveraging its AWS cloud infrastructure to democratize quantum computing through Braket, potentially creating a new multibillion-dollar revenue stream as it becomes a go-to quantum cloud provider [5] - **Alphabet (GOOGL)** continues to advance its quantum efforts with the Willow chip, which shows significant improvements in error reduction, positioning the company to commercialize breakthroughs that could transform its core businesses [6][7] - **IBM (IBM)** leads in enterprise quantum computing with over 60 quantum systems deployed globally and a comprehensive software platform, giving it a first-mover advantage in capturing corporate quantum spending [8] - **Microsoft (MSFT)** is pursuing a topological qubit approach and building a comprehensive Azure Quantum ecosystem, which could lock in corporate customers for decades [9] - **D-Wave Quantum (QBTS)** focuses on quantum annealing systems that generate revenue today, positioning itself as a near-term winner in commercial quantum computing [10] - **IonQ (IONQ)** develops trapped ion quantum computers with superior qubit connectivity, demonstrating real-world applications and offering direct exposure to quantum computing's growth potential [11] - **Rigetti Computing (RGTI)** provides end-to-end quantum solutions and controls its technology stack, combining startup agility with the necessary vertical integration for commercial viability [12] - **Nvidia (NVDA)** powers quantum computing through its CUDA-Q platform, enabling significant speedups for quantum simulations and ensuring profitability from quantum breakthroughs regardless of hardware approach [13][14]