✉news BusinessStartups first seen 7 h ago, last 6 h ago, peak #26
IBM's Quantum Bet Beats Rivals Despite Heavy Losses
Original: A Year Ago, We Called IBM the Next Nvidia. It Lost Money but Still Beat Every Quantum Startup.
IBM was described a year ago as the next Nvidia, but its financial results fell short, with the company losing money over the period. Despite those losses, analysts note it has outperformed every dedicated quantum computing startup in the emerging field. The comparison highlights the gap between Big Tech's scale-backed quantum programs and smaller pure-play competitors still burning cash without revenue.
Why now: IBM's earnings and continued leadership in quantum computing are drawing fresh attention as investors weigh hype versus results in the sector.
Evidence
- A Year Ago, We Called IBM the Next Nvidia. It Lost Money but Still Beat Every Quantum Startup. · 24/7 Wall St.
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