Not IonQ. Not D-Wave. This "Boring" Blue Chip Stock Is Quietly Leading in Quantum Computing

In recent years, artificial intelligence has been the driving force behind stock market gains. However, quantum computing is also emerging as a potential game changer, attracting investors to companies innovating in this area. While pure play innovators like IonQ and D-Wave Quantum have seen their stock prices soar, a long-established blue chip stock may actually lead in quantum computing.

This company is International Business Machines (IBM), which generates most of its revenue from its software business and heavily invests in quantum computing. In June, IBM committed $10 billion to its quantum computing roadmap over the next five years. Currently, IBM boasts the world's biggest fleet of quantum computers, with over 90 deployed on the cloud and on-site.

IBM's most advanced processor, Nighthawk r2, uses 120 programmable qubits to execute over 100,000 circuits per second. IBM's CEO, Arvind Krishna, predicts that quantum computing will have a measurable impact on the company's top line and bottom line by 2028 or 2029, potentially generating a trillion dollars in value by the 2030s.

While quantum computing companies use various techniques to develop qubits and execute calculations, IBM is well-positioned to be one of the principal winners in this space, possibly leading to explosive growth in the future.