Latest news with #Relay-BP
Business Insider
a day ago
- Business
- Business Insider
This Is Why Jim Cramer Is Bullish on IBM Stock
On a recent episode of his show, CNBC's Jim Cramer shared his thoughts on tech giant IBM (IBM) after a caller asked for his opinion. He said that the company's most recent earnings report wasn't bad at all and suggested that its current share price might present a good buying opportunity. Interestingly, what really stood out to Cramer was IBM's leadership in quantum computing, which he believes will soon become a much bigger topic among tech investors. He also highlighted IBM's strong software lineup and noted that the company is doing many things right across the tech space. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. It is worth noting that Cramer's optimism seems justified. Indeed, the company recently developed a new algorithm called Relay-BP that was designed to help quantum computers detect and fix errors more effectively. This is a major step forward because quantum systems use qubits, which are units of information that are highly sensitive to outside interference. Notably, Relay-BP proved to be up to 10 times more accurate than earlier techniques, and it runs more efficiently by using less computing power. This makes it more practical for real-world applications. As a result, the company plans to first use the algorithm to stabilize quantum memory and then expand its use to a wider range of quantum operations. While this likely isn't a final solution, it does move the industry much closer to making scalable, everyday quantum computing a reality. Therefore, this progress seems to support Cramer's view that IBM is well-positioned for the future, especially in areas like quantum computing. Is IBM a Buy, Sell, or Hold? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, six Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $296.15 per share implies 23.7% upside potential.
Business Insider
06-08-2025
- Business
- Business Insider
New IBM Decoder Could Unlock Reliable Quantum Computers Sooner Than Expected
Researchers from tech giant IBM (IBM) have created a new decoder algorithm for quantum computing called Relay-BP, which they claim performs better than all existing methods for detecting and fixing errors. This breakthrough could be a major step toward building scalable and fault-tolerant quantum computers. In testing, Relay-BP was up to 10 times more accurate than previous approaches and used fewer computing resources, thereby addressing one of the biggest challenges in making quantum systems reliable for real-world use. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. It is worth noting that quantum computers are extremely prone to errors because their basic units, called qubits, are fragile and easily disrupted by noise or imperfections. Traditional error-correction methods are either slow, require too much computing power, or struggle to provide consistent results. Relay-BP improves a method called belief propagation by adding 'memory strengths,' which allows parts of the algorithm to treat past information differently. This helps the system avoid common problems, work faster, and stay compact enough to run on specialized hardware like field-programmable gate arrays. Interestingly, Relay-BP was created with IBM's combined expertise in physics, software engineering, and mathematics. In addition, researchers are preparing to test it on upcoming IBM quantum systems, starting with stabilizing quantum memory and later moving to full quantum operations. While it may not be the final solution, Relay-BP represents a big step toward real-time error correction and brings the industry closer to practical and large-scale quantum computing. Is IBM a Buy, Sell, or Hold? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $297.33 per share implies 18.8% upside potential.
