HomeMost PopularInvestingIBM Enhances Qiskit for Seamless Complex Quantum Computing

IBM Enhances Qiskit for Seamless Complex Quantum Computing

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International Business Machines Corporation IBM has announced significant updates to Qiskit, its widely used quantum software platform. Launched in 2017, Qiskit has grown from a simple software development kit (SDK) to a comprehensive quantum software stack. This evolution is designed to maximize the performance of IBM’s quantum hardware, allowing users to run increasingly complex quantum circuits.

Since its inception, Qiskit has enabled over 550,000 users to execute more than 3 trillion quantum circuits. The latest version includes a stable release of Qiskit SDK v1.x, which offers improved capabilities for building, optimizing and visualizing quantum circuits. Notably, the Qiskit Transpiler Service leverages AI to optimize quantum circuits, making them 39 times faster and reducing memory usage threefold compared to previous versions. This AI-powered optimization, combined with heuristic techniques, significantly reduces circuit depth, enhancing overall performance.

IBM’s Qiskit stack now features a range of services tailored for various user needs. The Qiskit Runtime Service simplifies the execution of quantum circuits, while the Qiskit Code Assistant, powered by watsonx-based generative AI models, automates the development of quantum code. Additionally, the Qiskit Serverless tool facilitates quantum-centric supercomputing workloads across both quantum and classical hardware.

These enhancements provide IBM Quantum Network members with the most advanced tools to discover new quantum algorithms. As users seek to achieve quantum advantage — where quantum computers outperform classical ones — Qiskit’s comprehensive stack is pivotal. The platform supports mapping problems for efficient execution on quantum hardware, optimizing these problems and executing them effectively, bridging the gap between classical and quantum computation.

Clients like E.ON and Los Alamos National Laboratory have already reported substantial advancements using Qiskit. E.ON leverages Qiskit to navigate complexities in the energy sector, while Los Alamos uses it for daily interactions with IBM’s quantum hardware. Moreover, institutions like Brookhaven National Laboratory and Oak Ridge National Laboratory have integrated Qiskit into their research and educational programs, highlighting its utility in advancing scientific applications and preparing the quantum workforce of the future.

IBM’s commitment to quantum computing is further demonstrated by its progress on the IBM Quantum Development and Innovation Roadmap. As the company continues to develop error-corrected systems, Qiskit will remain a critical component, facilitating the collaborative development of new quantum algorithms and applications. This comprehensive software stack is designed to support the integration of quantum processing units, GPUs and CPUs, paving the way for a new paradigm of quantum-centric supercomputing.

As IBM progresses toward error-corrected quantum systems, Qiskit will continue to be a cornerstone of collaborative quantum algorithm development. This aligns with IBM’s vision of integrating quantum, classical and AI resources into a new high-performance computing paradigm, defined by quantum-centric supercomputing. This advancement positions IBM to capture significant value in the rapidly evolving quantum computing market.

The stock has gained 33.9% over the past year compared with the industry growth of 26.7%.

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IBM, currently, carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Picks

Arista Networks, Inc. ANET, sporting a Zacks Rank #1, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.7% and delivered an earnings surprise of 15.4%, on average, in the trailing four quarters.

It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.

Ubiquiti Inc. UI, carrying a Zacks Rank #2 (Buy) at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.

It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.

NVIDIA Corporation NVDA, sporting a Zacks Rank #1, is another key pick in the broader industry. It is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to AI-based solutions that now support high performance computing, gaming and virtual reality platforms.

The company’s GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles. NVIDIA has a long-term earnings growth expectation of 30.9% and delivered an earnings surprise of 20.2%, on average, in the trailing four quarters.

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International Business Machines Corporation (IBM) : Free Stock Analysis Report

NVIDIA Corporation (NVDA) : Free Stock Analysis Report

Arista Networks, Inc. (ANET) : Free Stock Analysis Report

Ubiquiti Inc. (UI) : Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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