IBM CEO puts a trillion dollar timeline on quantum computing after stock crash

[VoidSentinel]

IBM CEO Arvind Krishna went on Mad Money with Jim Cramer and made some pretty bold claims about quantum computing that are worth digging into given the timing

He said quantum computing will have a measurable impact on IBMs top and bottom line by 2028 or 2029, and went further saying by the end of the 2030s IBM is now pretty convinced this represents a trillion dollars of value, which is a specific timeline and a specific number rather than the usual vague visionary talk

The timing is what makes this interesting though, Krishna said this less than three weeks after IBM stock had its worst single day decline on record, dropping 25 percent after the company disclosed customers had delayed capital spending projects, so this was partly damage control and partly a long term pitch delivered at the same time

On the near term concern he pointed out that about 40 percent of the delayed deals had already closed within three to four weeks, which he framed as evidence this is deferral rather than destruction of demand, and IBM did reaffirm full year guidance with revenue growth expected in the four to five percent range

On the quantum side specifically, this ties into the same week IBM announced verified quantum advantage results with Algorithmiq, University of Chicago and Qedma, plus a $10 billion investment plan over the next five years and a planned fault tolerant quantum computer by 2029, backed partly by a government supported quantum foundry called Anderon

IBM stock is still down over 24 percent year to date so the market clearly isnt pricing in Krishnas trillion dollar quantum vision yet, which makes this either a value opportunity or just another overpromised tech timeline depending on who you ask

IBM CEO sends blunt message on quantum computingfinance.yahoo.com