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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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IBM Unveils Breakthrough 127-Qubit Quantum Processor

11/16/2021 | 06:00am EST

IBM announced its new 127-quantum bit (qubit) 'Eagle' processor at the IBM Quantum Summit 2021, its annual event to showcase milestones in quantum hardware, software, and the growth of the quantum ecosystem. The 'Eagle' processor is a breakthrough in tapping into the massive computing potential of devices based on quantum physics. It heralds the point in hardware development where quantum circuits cannot be reliably simulated exactly on a classical computer. The company also previewed plans for IBM Quantum System Two, the next generation of quantum systems. 127-qubit Eagle processor: 'Eagle' is IBM's first quantum processor developed and deployed to contain more than 100 operational and connected qubits. It follows IBM's 65-qubit 'Hummingbird' processor unveiled in 2020 and the 27-qubit 'Falcon' processor unveiled in 2019. To achieve this breakthrough, IBM researchers built on innovations pioneered within its existing quantum processors, such as a qubit arrangement design to reduce errors and an architecture to reduce the number of necessary components. The new techniques leveraged within Eagle place control wiring on multiple physical levels within the processor while keeping the qubits on a single layer, which enables a significant increase in qubits. The increased qubit count will allow users to explore problems at a new level of complexity when undertaking experiments and running applications, such as optimizing machine learning or modeling new molecules and materials for use in areas spanning from the energy industry to the drug discovery process. 'Eagle' is the first IBM quantum processor whose scale makes it impossible for a classical computer to reliably simulate. In fact, the number of classical bits necessary to represent a state on the 127-qubit processor exceeds the total number of atoms in the more than 7.5 billion people alive.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2021 70 074 M - -
Net income 2021 6 197 M - -
Net Debt 2021 43 098 M - -
P/E ratio 2021 18,8x
Yield 2021 5,08%
Capitalization 116 B 116 B -
EV / Sales 2021 2,26x
EV / Sales 2022 2,59x
Nbr of Employees 345 900
Free-Float 39,8%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
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International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 128,82 $
Average target price 144,87 $
Spread / Average Target 12,5%
EPS Revisions
Managers and Directors
Arvind Krishna Chairman & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Michael L. Eskew Lead Independent Director
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