D-Wave Quantum Inc. (NYSE:QBTS) is one of the 10 best computer hardware stocks to buy for the next 5 years.
On June 1, in an effort to expedite the commercialization of fault-tolerant quantum computing, D-Wave Quantum Inc. (NYSE:QBTS) unveiled a new gate-model roadmap. By 2032, the company wants to have 100 logical qubits that can execute over a million successful operations. This plan expands upon D-Wave’s proficiency in quantum error correction, high-coherence dual-rail qubits, and its proven capacity to develop, scale, and commercialize superconducting quantum systems.
everything possible/Shutterstock.com
According to the CEO, Dr. Alan Baratz, D-Wave’s superconducting dual-rail architecture offers a unique and reliable method of attaining fault tolerance, which may help the business compete successfully and hasten the commercialization of quantum technology. He stated:
“The industry has spent years talking about fault tolerance. We believe D-Wave has a highly differentiated and credible path to achieving it. Our superconducting dual-rail architecture is a fundamentally different approach to fault-tolerant quantum computing that we expect will position D-Wave not only to compete, but also to redefine how quickly the technology becomes commercial.”
D-Wave places a strong emphasis on lowering mistakes at the hardware level, in contrast to many competitors who are mainly concerned with increasing the number of physical qubits. About 90% of computing faults can be detected by its dual-rail qubits, greatly reducing the need for error correction. Additionally, the company has shown 99.9% two-qubit fidelity with error detection, meaning that physical errors only happen roughly once every 1,000 operations.
D-Wave Quantum Inc. (NYSE:QBTS) is engaged in developing and selling quantum computing systems, software, and services. It has an extensive product portfolio, which includes Advantage, Advantage 2, an open-source tool suite, and more. It also supplies a combination of quantum and classical computation resources.
While we acknowledge the risk and potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. Follow Insider Monkey on Google News.
