Why IBM Rallied Today
Shares of International Business Machines (NYSE: IBM) rallied 11.3% on Thursday, as of 2:35 p.m. EDT.
IBM, as a large-cap stock, doesn't tend to move this much without quarterly earnings. But today, "Big Blue" was at the center of big quantum computing news, which also included the very newsworthy Trump administration.
Today, the U.S. Commerce Department announced its intention to fund roughly a dozen U.S. quantum computing companies to accelerate the development of the technology. Among the awardees was IBM, which announced Anderon, what it calls, "America's first pure-play quantum foundry."
Source Fool.com
International Business Machines Corp Stock
€198.40
2.240%
The stock is one of the favorites of our community with 44 Buy predictions and 3 Sell predictions.
With a target price of 271 € there is a positive potential of 36.59% for International Business Machines Corp compared to the current price of 198.4 €.
