BofA Analysts Are Bullish On Quantum

We’ve all heard how AI is going to change the world. But analysts at Bank of America (BofA) see something even bigger in quantum computing.

Qubits, the fundamental units of quantum information, still suffer from excessive “noise,” or disturbances that lead to computational errors. I Photo: Business Wire

In a report last week, they wrote that it “could be the biggest revolution for humanity since discovering fire,” Beatrice Nolan reported for Fortune Tech on July 21, 2025.

That’s because using subatomic particles to process data offers the potential to leap light-years ahead of what’s possible with traditional semiconductor-based electronics.

Theoretically, there’s no calculation a quantum computer can’t do, BofA said, adding that it could “change everything” by enabling breakthroughs in drug development, materials science, longevity, encryption, logistics, and more.

However, BofA acknowledged we’re not quite there yet. A quantum computer has yet to solve a real-world problem faster than a classical computer.

Qubits, the fundamental units of quantum information, still suffer from excessive “noise,” or disturbances that lead to computational errors.

In fact, Nvidia CEO Jensen Huang has said the most exciting developments in quantum computing are likely more than a decade away. Some experts believe advances will come gradually rather than through a sudden breakthrough.

“We’re going to be turning the volume steadily,” said Rob Schoelkopf, co-founder and chief scientist of Quantum Circuits, earlier this year. “We can start to hear the music now, and eventually everyone will be able to hear the music," he added.