Pure-play quantum stocks including D-Wave, Infleqtion, and Rigetti were also rising ahead of Friday's opening bell.
Shares in International Business Machines Corp (NYSE:IBM) jumped 6.4% on Thursday, helping pull the Dow Jones out of early losses after the White House agreed to support a new quantum chip manufacturing venture with $1 billion of funding. The Department of Commerce confirmed it had signed a letter of intent to back the creation of Anderon, a standalone company that will build what it described as America's first “pure-play quantum foundry”.
Quantum-computing stocks surged in premarket trading on Thursday after a Wall Street Journal report said the Trump administration plans to award roughly $2 billion in grants to nine quantum technology companies, marking one of the biggest government pushes yet into the emerging industry. Shares of IBM (IBM) rose about 7% before the opening bell, while GlobalFoundries jumped roughly 14%.
IBM says it plans to create ‘America's first pure-play quantum foundry' in collaboration with the Commerce Department.
The AI trade has had favorites. NVIDIA, Microsoft, Alphabet, and Meta have carried the narrative, while two enterprise tech giants have quietly compounded earnings and built backlogs that few retail investors are talking about.
IBM expands AI cybersecurity with autonomous security feature, Red Hat integration and enterprise-wide threat detection tools.
IBM (IBM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
IBM has transformed into a higher-quality, more predictable business with a focus on recurring software revenue and enterprise integration. Red Hat remains a strategic asset, driving hybrid cloud exposure and reinforcing IBM's relevance in enterprise IT. Disciplined capital allocation, improved balance sheet, and resilient free cash flow underpin IBM's defensive appeal and dividend support.
IBM rolls out two new IBM Cloud managed services, Red Hat AI Inference and OpenShift Virtualization, to speed AI adoption and secure virtual workloads.
International Business Machines Corp (NYSE:IBM) is well-positioned to accelerate software growth and capitalize on enterprise AI adoption, according to Jefferies analysts following the company's Think 2026 conference in Boston. The brokerage said it came away constructive on IBM's longer-term outlook, citing strong software pipeline trends, cross-selling opportunities across the company's portfolio, and what it views as an underappreciated positioning in artificial intelligence.
IBM edges Qualcomm as the better AI tech buy now, backed by hybrid-cloud demand, watsonx upgrades, cheaper valuation and steady cash flow.
Zacks.com users have recently been watching IBM (IBM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.