Why IBM Stock Popped Today
Quantum computing is a hot area of the tech field these days, and thanks to that, International Business Machines (NYSE: IBM) stock was popular on Thursday.
A convincing demonstration of its prowess in this technology wowed investors, who collectively pushed the company's share price up by over 5% that day. Speaking of convincing, that performance crushed the S 500 (SNPINDEX: ^GSPC); this slid by 0.5%.
The demonstrator was global bank . Before market open, the company announced it successfully ran a trial of algorithmic bond trading analysis, using a combination of traditional and quantum computing resources. IBM team members handled the technical aspects of the test.
Source Fool.com
International Business Machines Corp Stock
€268.00
8.810%
The stock is one of the favorites of our community with 28 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 264 € is below the current price of 268.0 € for International Business Machines Corp, so the potential is actually -1.49%.
