Tech giant IBM (IBM) and networking firm Cisco (CSCO) are teaming up to work on quantum computing. Their idea is to link many quantum computers together so that they can work as a powerful network. IBM will focus on building the quantum computers, while Cisco will work on the networking tech that helps them “talk” to each other. The goal is to have this advanced system working by the early 2030s, which, if successful, could lead to a completely new kind of internet that’s powered by quantum technology.
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Interestingly, this would connect large, powerful quantum machines capable of solving problems that today’s computers can’t handle. More specifically, the machines could help develop new medicines, design advanced materials, or solve large-scale mathematical problems. In addition, IBM is making a device (called a QNU) that connects each quantum computer to the network. Cisco is building the software and systems to make sure everything runs smoothly and stays connected.
Their long-term goal is to create a global network that links not just quantum computers, but also quantum sensors and secure communication tools. This could help with ultra-safe data sharing and the accurate monitoring of events, such as weather or earthquakes. IBM and Cisco also plan to support research at universities and labs to speed up progress. If all goes well, this future quantum internet could become a reality by the late 2030s.
Is IBM a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on eight Buys, five Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $300.58 per share implies that shares are trading near fair value.
