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12. International Business Machines Corporation (NYSE:IBM)

Forward P/E: 23.9

International Business Machines Corporation (NYSE:IBM) and ETH Zurich said they are entering a 10-year partnership to develop algorithms that combine AI and quantum computing. The move builds on their long relationship and signals a continued push toward the next phase of computing. They said that as quantum computing becomes more relevant, current algorithm frameworks are starting to show their limits. The focus is now on building new approaches that bring together classical computing, machine learning, and quantum systems to tackle more complex business and scientific problems.

As part of the partnership, IBM plans to support new professorships and research efforts at ETH Zurich. The work will center on hybrid computing methods, along with areas such as optimization, differential equations, linear algebra, and complex system modeling. Both sides said that strengthening these mathematical foundations could help make quantum technology more practical and improve how difficult problems are solved across industries.IBM has helped shape several generations of computing, from early algorithmic advances like the Fast Fourier Transform (FFT) to artificial intelligence systems such as Deep Blue and Watson. The company continues to work on expanding what computing systems can do.

ETH Zurich is considered one of the world’s leading scientific institutions. Its history includes 22 Nobel laureates and prominent figures in mathematics, physics, and computer science, including Albert Einstein and Eduard Stiefel. Many of the ideas developed there still form the basis of modern science, including programming languages, numerical methods, and theoretical frameworks.

International Business Machines Corporation (NYSE:IBM) provides hybrid cloud and artificial intelligence solutions, along with consulting services. The company operates through Software, Consulting, Infrastructure, and Financing segments.