Latest news with #QuantumStarling
CNBC
4 hours ago
- Business
- CNBC
Why Oracle can rally another 70%, according to investor Victoria Greene
Oracle shares may be rallying on its latest earnings beat, but it still has much higher to go, according to Victoria Greene, chief investment officer at G Squared Private Wealth. The cloud computing company was one of three names Greene discussed on CNBC's " Power Lunch " Thursday – two made her buy list, while one is a hold. Oracle Shares of Oracle rallied 13% on Thursday after the company's fourth-quarter earnings and revenue topped analysts expectations . Although the stock is already up 20% year to date, Greene thinks it isn't too late for investors to get in on the action. "The train is leaving the station, but you've got to jump on the stock," she said. "I see this as a $300 stock in the next 12 months." That would mean a 50% rally ahead, as of Thursday's close. During the earnings conference call after the bell Wednesday, CEO Safra Catz said Oracle's cloud infrastructure revenue should jump by more than 70% in the 2026 fiscal year. "That 70% growth they've had, they're going to blow it out of the water with the continued A.I. investment, especially with Stargate," Greene said. "Everybody's investing in this and it's being built on Oracle." The stock hit a 52-week high on Thursday. IBM IBM has been a favorite of Greene's for some time, and she still loves the stock. She believes it can push "significantly" higher the next two to three years. "This company completely reimagined itself through acquisitions," she said. IBM completed its $6.4 billion acquisition of HashiCorp , a multi-cloud infrastructure automation company, in February. In 2023, it bought software company Apptio . On Tuesday, IBM announced its plan to develop a large-scale, fault-tolerant quantum computer, Quantum Starling. "They have great strategic partners," Greene said. "They even talk about their patient zero for using AI and they're saving $3 billion — 20% to 30% of their code is now being built on their AI." "This stock is touching everything you want to touch right now," she added. Shares of IBM hit a 52-week high on Thursday and are up about 28% year to date. Datadog Greene is staying on the sidelines with Datadog , which popped nearly 3% on Thursday after an upgrade to outperform at Wolfe Research. She said she'd like to see the cloud computing stock trade above its 200-day moving average, which is around $123. "It's got headwinds on margins, controlling costs [and] on competition," Greene said. "It's got a fantastic, definite product that is being utilized, but at the same point, they're kind of stalling out on their cross selling. You haven't seen a massive increase in the number of companies that are increasing their number of modules," she added. Shares are down 14% year to date.
Yahoo
a day ago
- Business
- Yahoo
IBM Reveals Quantum Chip, Eyes 2029 Starling Supercomputer Launch
International Business Machines Corporation (NYSE:IBM) is one of the best Dow stocks to invest in. On June 10, the company revealed that it's working on a large-scale, fault-tolerant quantum computer named Quantum Starling as part of its broader quantum roadmap. A key component of this effort is the upcoming IBM Quantum Nighthawk processor, which is expected to launch later this year, according to a company blog post. Like several other tech giants and well-funded startups, International Business Machines Corporation (NYSE:IBM) is racing to advance quantum computing. The core challenge they all face lies in qubit reliability—while qubits can perform rapid calculations, they tend to generate significant errors. Researchers often dedicate some qubits to correcting these errors, but that leaves fewer available for practical computation. International Business Machines Corporation (NYSE:IBM) shifted its strategy in 2019, and now claims it has developed a new algorithm that could dramatically reduce the number of qubits required for error correction. Jay Gambetta, International Business Machines Corporation (NYSE:IBM) vice president of quantum initiatives, explained that, unlike the company's earlier approach, where theory dictated chip design, the current strategy focuses on building chips that are feasible first and then designing the error-correction method around them. This more pragmatic path has given IBM the confidence to roll out a series of increasingly advanced systems through 2027, paving the way for much larger quantum machines. IBM has surged by over 25.6% since the start of 2025. While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
IBM Reveals Quantum Chip, Eyes 2029 Starling Supercomputer Launch
International Business Machines Corporation (NYSE:IBM) is one of the best Dow stocks to invest in. On June 10, the company revealed that it's working on a large-scale, fault-tolerant quantum computer named Quantum Starling as part of its broader quantum roadmap. A key component of this effort is the upcoming IBM Quantum Nighthawk processor, which is expected to launch later this year, according to a company blog post. Like several other tech giants and well-funded startups, International Business Machines Corporation (NYSE:IBM) is racing to advance quantum computing. The core challenge they all face lies in qubit reliability—while qubits can perform rapid calculations, they tend to generate significant errors. Researchers often dedicate some qubits to correcting these errors, but that leaves fewer available for practical computation. International Business Machines Corporation (NYSE:IBM) shifted its strategy in 2019, and now claims it has developed a new algorithm that could dramatically reduce the number of qubits required for error correction. Jay Gambetta, International Business Machines Corporation (NYSE:IBM) vice president of quantum initiatives, explained that, unlike the company's earlier approach, where theory dictated chip design, the current strategy focuses on building chips that are feasible first and then designing the error-correction method around them. This more pragmatic path has given IBM the confidence to roll out a series of increasingly advanced systems through 2027, paving the way for much larger quantum machines. IBM has surged by over 25.6% since the start of 2025. While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
UPI
2 days ago
- Business
- UPI
IBM 'more certain' of new quantum computer by 2029
June 10 (UPI) -- IBM on Tuesday revealed its map to the development of its large-scale, fault-tolerant quantum computer styled as "Quantum Starling." The Quantum Starling, to be built at IBM headquarters in Poughkeepsie, N.Y., will be part of IBM's new Quantum Nighthawk processor set for release later this year. "IBM is charting the next frontier in quantum computing," IBM Chairman and CEO Arvind Krishna said Tuesday. The Nighthawk is set to replace the Quantum Heron processor, the company said in a blog post. The Nighthawk, meanwhile, runs at 5,000 gates like the Heron with plans to boost it to 15,000 gates within the next three years. A quantum gate is a basic operation on a qubit, the basic unit of quantum information. IBM officials say the Nighthawk charts the first viable path toward a system projected to run 20,000 times more operations than quantum computers by today's standard. "Our expertise across mathematics, physics, and engineering is paving the way for a large-scale, fault-tolerant quantum computer -- one that will solve real-world challenges and unlock immense possibilities for business," Krishna added. "Unlocking the full promise of quantum computing will require a device capable of running larger, deeper circuits with hundreds of millions of gates operating on hundreds of qubits, at least," the company blog post said. "More than that, it will require a device capable of correcting errors and preventing them from spreading throughout the system." It added that it will require a fault-tolerant quantum computer. Fault tolerance is a system's ability to correct and act with known errors. This follows other tech companies in the quantum race such as Google's "Willow," the quantum chip Majorana 1 by Microsoft and the "Ocelot" chip from Amazon.
Yahoo
2 days ago
- Business
- Yahoo
Quantum Breaking: IBM Launches Nighthawk to Challenge Google, Amazon
IBM (NYSE:IBM) shares rose about 2% on Tuesday after the company unveiled a detailed roadmap to build a fault-tolerant quantum computer, according to a blog post published the same day. Warning! GuruFocus has detected 3 Warning Sign with TM. The plan introduces a new processor called Quantum Nighthawk, due later this year, which will replace the current Heron chip. Nighthawk is initially designed to run circuits with 5,000 gates, with a goal to triple capacity by 2028. IBM's long-term aim is a system dubbed Quantum Starling, engineered to correct errors in real time. This relies on a quantum low-density parity check (qLDPC) code, a method that can cut the number of physical qubits needed for error correction by about 90%, making large-scale systems more efficient. Starling will be developed at IBM's Poughkeepsie Lab in New York, with an expected operational target by decade's end. The roadmap also sets interim milestones: Quantum Loon in 2025, the Kookaburra processor module in 2026 and the Cockatoo adapter in 2027. The announcement comes amid intensifying competition in quantum computing, following Google's Willow chip late last year and quantum processors unveiled by Microsoft and Amazon earlier this year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
