The fast-growing world of quantum computing took a shocking turn this week, as a former industry leader revealed some unexpected news. Over the past few weeks, many quantum computing stocks have performed extremely well, boosted by a few clear catalysts that have generated significant momentum. This list includes companies such as D-Wave Systems and Quantum Computing. Fellow quantum computing leader IonQ made headlines recently when it announced a major acquisition, sending shares up. But more recently, a former giant of the tech sector revealed ambitious plans to step into the quantum computing market and offered a timeline for its vision. Even as the sector has grown recently, companies in the quantum computing space have often been overshadowed by their peers in the artificial intelligence (AI) field. However, these recent developments suggest that industry tides could be about to shift as tech leaders double down on quantum. Quantum computing leverages the principles of quantum mechanics to perform computational tasks at an extremely fast rate. This is accomplished by utilizing quantum bits (qubits) of information, enabling quantum computers to solve problems more efficiently than classical machines.

Full report : IBM is planning a major foray into quantum computing.