IBM offers a quantum computing software application called Qiskit. Qiskit is a software suite marketed toward quantum developers. Some of the selling points of the platform are that it helps streamline workflows, assists with code generation, and provides cloud-based infrastructure to run workloads across various devices.

IBM shares skyrocketed 13% after reporting its Q4 results on Jan. 29. The company earned a profit of $3.92 per share, beating the estimate of $3.78, while revenue landed at $17.55 billion, a modest 1.3% increase from last year. This strong revenue is driven by the software segment, which contributed $7.9 billion to total revenue.

Google's parent company, announced its new quantum computing chip. This started a frenzy of trading in pure-play quantum computing stocks like Rigetti Computing (NASDAQ: RGTI) and D-Wave (NYSE: QBTS).

Innovation is pouring out of the big technology companies. From hand-controlled augmented reality glasses at Meta Platforms, self-driving car commercialization at Alphabet, and robot-controlled warehouses at Amazon,