What's Going On With IBM Stock Friday?

International Business Machines Corporation (NYSE: IBM ) stock rose in Friday premarket trading as investors continued rotating into large-cap technology names. Nasdaq futures are up 0.22% while S&P 500 futures have gained 0.19%. That supportive tape is giving IBM room to extend its recent rebound attempt after a choppy few months. The stock also appeared to benefit from positive sentiment following strong results from Snowflake Inc. (NYSE: SNOW ) and its new agentic AI partnership with Amazon.com, Inc. (NASDAQ: AMZN ) Amazon Web Services, while broader market risk appetite improved amid optimism surrounding ongoing U.S.-Iran negotiations. Other Key Updates IBM recently launched Project Lightwell with Red Hat, a $5 billion initiative aimed at strengthening open-source software security through AI-powered vulnerability detection and a global team of more than 20,000 engineers. The program is already being tested by major financial institutions, including Goldman Sachs Group, Inc. (NYSE: GS ) , JPMorgan Chase & Co. (NYSE: JPM ) and Visa Inc. Full story available on Benzinga.com