Quantum computing has advantages over traditional computing, but despite the investor hyper over the past 12 months, the field is still in the “early innings,” BMO Capital Markets said.
“Our belief is that quantum computing offers several advantages over existing computing and has potential longer-term use cases, particularly in scientific fields like chemistry and drugs, which will primarily be net new workloads,” analyst Keith Bachman wrote in a note to clients. “However, quantum remains very early innings, and more widespread adoption requires significant advancements in error correction, fault tolerance, and scalability.”
Bachman also noted that there are various existing quantum modalities already, but one of his sources believes there will be a convergence over the next five years. As such, the ion and atomic modality could wind up being the winner, “due to advancements in error correction,” Bachman added.
Related tickers: IonQ (IONQ), Quantum Computing (QUBT), D-Wave Quantum (QBTS), Rigetti Computing (RGTI), Arqit Quantum (ARQQ), IBM (IBM), Microsoft (MSFT), Google (GOOG) (GOOGL), Amazon (AMZN)
