IBM CEO says quantum computing will have a 'measurable impact' on earnings by 2028 or 2029

IBM's projection of a measurable impact from quantum computing on its earnings by 2028 or 2029 suggests that the technology is advancing rapidly and nearing practical applications. Quantum computing has the potential to solve complex problems that are currently unsolvable with traditional computers, which could lead to breakthroughs in fields such as medicine, finance, and materials science.

While 2028 or 2029 may seem far off, it's a relatively short timeline for a technology that has been in development for years. IBM's commitment to investing in quantum computing and its efforts to develop practical applications for the technology position it well for potential long-term growth. However, investors will likely be watching for signs of progress and early adoption in the coming years to gauge the technology's potential financial impact.

Investors should watch for updates on IBM's quantum computing developments, including the launch of new products and services, partnerships with other companies, and early adopters in various industries. Additionally, IBM's competitors, such as Google and Microsoft, are also investing heavily in quantum computing, so it's essential to monitor their progress as well. As the technology advances, investors will be looking for evidence that IBM's investments are translating into tangible financial returns.

Originally reported by cnbc.com. LargecapNews adds analysis for finance & markets readers.