IBM’s Arvind Krishna Predicts Quantum Computing Will Become a Meaningful Business by 2028: 'We Are Now Pretty Convinced...'
Key takeaways
- IBM's CEO predicts quantum computing will become a meaningful business by 2028 or 2029, driven by the technology's potential to drive revenue and profit.
- $17.16 billion
- $16.86 billion
- $2.93 per share
What happened
IBM CEO Arvind Krishna predicts quantum computing will become a meaningful business for the company by 2028 or 2029, citing the technology's potential to drive revenue and profit.
Why it matters
Krishna's prediction is based on IBM's growing confidence in the long-term economic potential of quantum computing, which could lead to significant advancements in fields such as battery technology, new materials, fusion energy, and drug development.
Short-term and longer-term
Short-term. IBM's stock price has been under pressure in recent months, but the company's growing confidence in the long-term economic potential of quantum computing could be a positive sign for investors.
Longer-term. IBM's quantum computing ambitions are gaining momentum, with CEO Arvind Krishna predicting a meaningful business by 2028 or 2029.