IBM Jumps 7%; IonQ, Rigetti Sell Off as Quantum Trade Concentrates
Investors favored IBM’s scale and government-backed quantum plan as IonQ and Rigetti retreated after strong recent gains, analysts said.
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Barclays says IBM is mimicking Nvidia's playbook in quantum market. How the stock could gain 50%
IBM is planning to invest more than $10 billion in quantum computing, following an Nvidia model, which could translate to upside in the stock, per Barclays.
IBM Jumps 7%; IonQ, Rigetti Sell Off as Quantum Trade Concentrates
The post IBM Jumps 7%; IonQ, Rigetti Sell Off as Quantum Trade Concentrates appeared first on 24/7 Wall St.. Quick Read IBM (IBM) stock surged to $320 and posted 32% gains in May, anchored by a $10 billion five-year quantum computing commitment and $1 billion federal CHIPS Act grant for the Anderon foundry targeting a fault-tolerant quantum computer by 2029. IonQ (IONQ) shares fell even after the company reported Q1 revenue of $64.67M (up 755…
IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open
IBM surged 12.7% to $297.80 Friday after pledging $10B for quantum computing and $5B for open-source security with Red Hat. IBM will get $1B from a Trump administration quantum initiative for its Anderon chip project. Q1 revenue rose 9% to $15.9B; IBM kept its 5%+ growth outlook and raised its dividend to $1.69, payable June 10. IBM’s rally drove the Dow higher; NYSE will open as usual Monday. The post IBM’s $15 Billion Move Catches Wall Street’…
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