IBM

IBM stock climbed Thursday as the tech giant pledged to invest more than $10 billion over five years in its quantum computing efforts. The news comes a week after a $1 billion award from the federal government for quantum computing gave IBM shares a major jolt. The $10 billion will be used for research and development funds, capital expenditures and mergers and acquisitions, IBM said in a filing with the Securities and Exchange Commission.

What's behind IBM's Thursday morning surge? A pair of billion-dollar bets that could reshape the storied company's future.

Lightedge, operator of the nation's largest private IBM Power Cloud by number of LPARs, today announced the integration of IBM Power Virtual Server (PowerVS) into its core hybrid cloud offering. The expansion further solidifies Lightedge's position as the definitive partner for enterprises running mission-critical IBM Power workloads, giving IBM i and AIX customers a seamless path to any infrastructure destination — private, hybrid, or public cloud.

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International Business Machines (IBM) is future-proofing its business by investing further to advanc

IBM stock rises 2.66% as it launches a $5B AI security project with Red Hat and plans a $10B quantum investment by 2029.

IBM stock climbs as the tech giant unveils a fresh funding push to support its quantum research and development efforts.

Project Lightwell will deploy more than 20,000 engineers and AI tools to identify and fix vulnerabilities across enterprise software supply chains