IBM commits over $10 billion to quantum computing R&D and capital expenditures through 2029, boosting its stock.
IBM announced a $10 billion investment over five years to advance its quantum computing initiatives, driving a rise in its stock price. The pledge covers research, development, and capital expenditures, reinforcing the company’s long-term strategy in the sector.
The move follows a $1 billion federal award last week, which also lifted IBM shares. Quantum computing stocks surged recently amid U.S. funding programs, though some competitors like Google were excluded from the latest allocations.
IBM’s stock climbed in early trading Thursday, reflecting investor confidence in the company’s quantum ambitions. The investment aligns with broader industry efforts to accelerate commercialization of quantum technologies.