International Business Machines (IBM) has revealed a roadmap for developing the first “Fault-Tolerant” Quantum Computer by 2029. International Business Machines said Tuesday it has a plan for building what it calls the world’s first large-scale, fault-tolerant quantum computer at its New York data center before the end of the decade.

The computer, called IBM Quantum Starling, will be housed in its Poughkeepsie, N.Y., center and have 20,000 times the computational power of today’s quantum computers, the tech giant said. “I feel more comfortable than ever that a fault-tolerant quantum computer will exist before the end of this decade,” said Jay Gambetta, IBM’s vice president of quantum. “We are putting error-correction in detail on our roadmap because we believe now we’ve solved all the scientific challenges.”

Gambetta said IBM’s confidence in its 2029 timeline stems from two recent developments: further advances in a new approach to reducing errors called “quantum low-density parity check” or qLDPC codes, plus a technique for identifying and correcting errors in real-time using conventional computing.

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IBM stock responded well to the news, with investors sending shares up 2.4% to 275.23. Year-to-date, IBM is up 25%, and is one of the hotter quantum computing stock options on the US market.

On March 18, IBM announced that it is collaborating with NVIDIA to make AI more powerful and accessible for businesses. The plan is to integrate NVIDIA’s AI Data Platform into IBM’s hybrid cloud setup, helping companies better manage data and scale AI efficiently. IBM Consulting has also stepped in to help companies automate workflows using NVIDIA’s AI tools. With the help of one of the strongest AI chip manufacturers in the world and hype around the potential IBM Quantum Starling launch, IBM has more growth ahead, thus making its stock just as valuable.