In addition to launching Nighthawk, IBM also announced its Quantum Loon chip, an experimental processor that will not be made publicly available, but the company said it will be the driving force behind IBM's efforts to deliver the world’s first large-scale, fault-tolerant quantum computer by 2029.

Interest in quantum computing has reached a fever pitch this week after a flood earnings reports from some of the best known pure-play quantum companies. But a recent pullback in quantum stocks has led analysts to draw hard conclusions.

IBM stock rises 2.4% after unveiling Quantum Nighthawk processor and announcing progress toward quantum advantage by 2026.

Quantum computing is still years away, but Nvidia just built the bridge that will bring it closer -- a quiet integration of AI, GPUs, and patience that could shorten the wait for the next computing revolution.

IBM unveils Loon and Nighthawk, next-generation processors for scalable, fault-tolerant quantum computing - SiliconANGLE

IBM is unveiling IBM Quantum Nighthawk, its most advanced quantum processor yet and designed with an architecture to complement high-performing quantum software to deliver quantum advantage next year: the point at which a quantum computer can solve a problem better than all classical-only methods.