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YORKTOWN HEIGHTS - IBM (NYSE:IBM) has been selected for Stage B of the Defense Advanced Research Projects Agency’s (DARPA) Quantum Benchmarking Initiative, the company announced Friday. The tech giant, currently trading at $305.78 and near its 52-week high of $319.35, continues to strengthen its position as a prominent player in the IT Services industry.
The initiative, launched by DARPA in 2024, aims to determine the feasibility of building an industrially fault-tolerant quantum computer with computational value exceeding its cost by 2033. The program consists of three stages designed to validate different approaches to quantum computing.
Stage B requires participants to present a comprehensive research and development plan for creating a cost-effective, fault-tolerant quantum computer, along with associated risks and mitigation strategies. IBM was previously selected for Stage A in April 2025, which required an initial technical concept with a plausible near-term path to realization.
"IBM’s progression to Stage B of DARPA’s Quantum Benchmarking Initiative is a firm validation of IBM’s approach to delivering a large-scale, fault-tolerant quantum computer," said Jay Gambetta, Director of IBM Research, in a press release statement.
As part of the initiative, IBM plans to explore novel approaches to scaling control systems for quantum computers in collaboration with SEEQC. With a market capitalization of $284.51 billion and revenue of $65.4 billion, IBM has demonstrated solid financial performance with a 50.33% total return over the past year.
The final stage, Stage C, will involve DARPA’s independent verification and validation team testing the companies’ computer hardware.
DARPA, the independent research and development arm of the U.S. Department of Defense, focuses on identifying and supporting transformational technologies for national security. The Quantum Benchmarking Initiative specifically seeks to objectively evaluate multiple approaches to quantum computing through third-party verification.
In other recent news, International Business Machines (IBM) reported its third-quarter earnings for 2025, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $2.65, exceeding the forecasted $2.44, alongside revenue figures of $16.33 billion, which also topped the anticipated $16.09 billion. In a strategic move, IBM’s Apptio launched new financial operations solutions, including Cloudability Governance and Kubecost 3.0, aimed at helping enterprises manage rising cloud costs in AI-driven environments. Additionally, UT Southwestern Medical Center became the first healthcare institution to implement the NVIDIA AI Data Platform reference design using IBM Fusion. This deployment integrates NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs, NVIDIA Networking, and NVIDIA AI Enterprise software to enhance research capabilities. These developments highlight IBM’s ongoing efforts to innovate and expand its offerings in the AI and cloud computing sectors.
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