IBM Shares Rise on Quantum Computing Announcement
Shares of International Business Machines (NYSE: IBM) surged by 11.3% after the company announced Anderon, a $2 billion quantum foundry in partnership with the U.S. Commerce Department under the CHIPS Act funding. The initiative includes IBM contributing $1 billion and aims to position IBM as both a leader and manufacturer of quantum computing technology.
Tickers: $IBM
Topics: Government Partnership Quantum Computing Technology Innovation