Investors Shoot for the Moon

Quantum error-correction is advancing fast, but investors should weigh pure-play risk against diversified "call option" exposure like Alphabet or IBM.

• Quantinuum's error breakthrough: New logical fidelity shows ~5 errors per 1,000,000 operations, 10x better than Quantinuum's own record set just a month earlier.
• Google's magic state cultivation: New method hits 99.99% fidelity with 40x fewer errors than prior distillation approach; Google estimates 95% of quantum compute capacity is currently consumed just producing these single-use magic states.

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