IBM
International Business Machines Corporation
stock NYSE

Use cases evolve from capability all the time in tech. Just because you can’t think of one doesn’t mean someone won’t in the future.
That’s like being in the 70s and saying that nobody could have a use for these huge IBM warehouse computers.

I think the “quantum will be the next Nvidia” take is a stretch. Nvidia blew up because GPUs had immediate commercial use cases (gaming, then AI, then data centers). The money followed quickly.
Quantum is still mostly lab science. The hardware is fragile, the error rates are high, and you need cryogenic cooling. There’s no mass market pull yet and no killer app outside of niche simulations. Even if it matures, it probably gets split between big players like IBM, Google, Amazon, and Microsoft rather than one company running away with it.
If you’re hunting for the next Nvidia, you’re more likely to find it in AI infrastructure, biotech, or energy. Those already have commercial traction while quantum is still years away from being investable at scale.

Michio Kaku, the Japanese guy that goes on a ton of podcasts to talk about science stuff is really into Quantum Computing right now. It's all he talks about on the various podcasts. He said that IBM and Google are basically neck and neck and that Honeywell or whoever Honeywell's spinoff is, is in 3rd.
Prior to Google's Willow Chip announcement, I think he was saying that IBM was in the lead with Google closely following. The exponential reduction in error rates for the Willow chip move Google into a photo finish with IBM at the moment.

How does IBM make money these days. What services are they providing?

A lot of people sent DM and asked me about plays. SPY. IBM (P), TSLA, SLV, BABA, SHOP, PDD. See below creenshot, which I took on the way up.

IBM?

They also had Watson in the 2010's and completely fumbled when it comes to AI. They also lost cloud. Don't underestimate IBM's incompetence, they haven't delivered a winning product in decades.

IBM is far and ahead of all the quantum competition, and they have massive capital and a proven deployment track record across any number of tech fields.
I'm not sure I believe in quantum computing as a viable business in the near future, but IBM will absolutely win when that happens.

GOOGL, MSFT, IBM are the leaders in quantum computing and are well diversified in other areas.

IBM has a very public roadmap for a quantum computer by 2029, see Project Starling.

IBM, qubit,dwave, and to some extent Arqq

And by people, you mean Google, IBM, IONQ, and the governments with orders to upgrade by 2030.

I see. Yes I can imagine the introduction of lost bitcoins being in circulation again can be an issue. But it's not like the 21 million limit is broken, it's just changing hands. The value would plummet hard depending if and how much the attacker dumps in the open market. Also many old wallets are in addresses with no exposed public keys.
Anyways even if Bitcoin was the attackers 1st target, which I highly doubt. Right now QC systems (e.g., Google's Willow chip) have ~100–1,000 qubits, but breaking ECDSA requires millions of stable qubits. IBM plans a 4,000-qubit machine by 2028. The threat would be minimal at most when it arrives.

I am by no means an expert, but I do have a quantum computing certificate and ran some 'code' on IBM's free tier of quantum computers. As of now, scaling quantum computers is really hard; it makes them inaccurate beyond the point of usefulness. Even if they manage to find a solution, they still have a long way to go until they have enough qubits to break modern cryptography. 2030 feels way too soon for me.

Regarding crypto - look into $HBAR, the leader for mass enterprise adoption, governed by global enterprises like Google, IBM, Dell, and many others. It's the safest hold in crypto by far.
https://hedera.com/

If you ever work with IBM before, you will not say this.
It doesn't matter how much lead they have. IBM's process will destroy it.
Likely, they are only good for PR like Deep Blue.

Ya know, before you just ask someone to prove something that can be easily looked up yourself, you might try looking it up yourself.
D-Wave
https://www.cnbc.com/video/2025/01/08/d-wave-ceo-responds-to-jensen-huangs-quantum-comments.html
From Grok
Several companies besides D-Wave offer commercially available quantum computing solutions, meaning they provide access to quantum hardware or services for business or research use through cloud platforms, partnerships, or direct sales. Here's a rundown of some key players based on current industry overviews:
IBM: Offers quantum systems via IBM Quantum Cloud, with processors like Eagle and Heron available for commercial applications in optimization, simulation, and AI. They've been a leader in superconducting qubits.
IonQ: Provides trapped-ion quantum computers accessible via cloud services on AWS, Azure, and Google Cloud. Their systems, like Aria and Tempo, are used commercially for tasks in finance, logistics, and drug discovery.
Rigetti Computing: Delivers superconducting quantum processors through their Quantum Cloud Services, integrated with platforms like AWS and Azure. They're focused on hybrid quantum-classical computing for industries like materials science and finance.
Quantinuum: Formed from Honeywell Quantum Solutions and Cambridge Quantum, they offer H-Series trapped-ion quantum computers via cloud access on Azure and other platforms. Commercial uses include cybersecurity, chemistry simulations, and optimization.
Xanadu: Specializes in photonic quantum computing with systems like Borealis available on their cloud platform. It's used commercially for machine learning, graph problems, and simulation tasks.
Other notable mentions include Google Quantum AI (with Sycamore processor access via Cirq, though more research-focused), Microsoft Azure Quantum (integrates multiple providers like IonQ), Amazon Braket (hosts D-Wave, IonQ, Rigetti, etc.), and emerging players like Quantum Brilliance (diamond-based room-temperature quantum computers) and OQC (superconducting systems on AWS).
Regarding partnerships with AMD: Among these, IBM has a recent collaboration with AMD (announced around August 26, 2025) to develop hybrid quantum-centric supercomputing architectures. This involves integrating AMD's CPUs, GPUs, and FPGAs with IBM's quantum computers to accelerate workloads, including support for decoders and error correction—elements that tie into quantum control systems. AMD's hardware is being evaluated for potential use in IBM's quantum setups to handle real-time processing and hybrid classical-quantum operations.
No direct partnerships between AMD and the other listed quantum companies (like IonQ, Rigetti, Quantinuum, or Xanadu) were found in current sources, particularly for control systems or hardware. However, AMD is involved more broadly in the ecosystem, such as through partnerships with Riverlane (a quantum error correction firm using AMD's Zynq SoCs for high-accuracy qubit control) and the Elevate Quantum hub in Colorado, which includes various quantum startups.

I know somebody who worked in a large corporation at a management level, IBM machines and software were still used in essential parts of the business at least as of recently.
There is resistance to changing because:
* people don't want to change how they've been doing things for decades
* big software system upgrades are expensive
* disruption of switching to new software (delays in a time sensitive business)
So IBM may not be growing, but it has some stickiness. any of you software devs know how old software and even hardware can stick around for decades.

IMO IBM is always the first to make really good ads about the new technological breakthrough and it’s because they’re focused on selling consulting services to old enterprises

Ko, MAIN, IBM, NVO, VZ and just started accumulating SLB since I like it in these valuations.