What's Going On With IBM Stock Tuesday?

International Business Machines Corporation (NYSE: IBM ) stock is trading higher on Tuesday as buyers keep leaning into large-cap tech strength and a steady risk-on tape. The Nasdaq is up 0.32% while the S&P 500 has gained 0.11%. IBM Commits $10 Billion To Advance Quantum Computing Roadmap Separately, the company said Tuesday it will invest more than $10 billion in quantum computing over the next five years as it works toward building the world’s first large-scale, fault-tolerant quantum computer by 2029. The investment will support research and development, manufacturing expansion, capital expenditures, ecosystem partnerships and acquisitions. IBM said the funding is designed to accelerate its quantum roadmap while strengthening U.S.-based leadership in the emerging technology. Building Toward Fault-Tolerant Quantum Systems “The quantum era is no longer ahead of us, it has started. Our clients, partners and users around the world are tapping into IBM quantum computers to do work that was impossible a few years ago,” Chairman and Chief Executive Officer Arvind Krishna said. “The pace of discovery with quantum computers is accelerating rapidly and this investment powers our ability to deliver the next generation of quantum hardware, software, and manufacturing.” IBM currently operates more than 90 quantum systems globally through cloud-based and on-site deployments, including installations in the United States, Germany, Japan, South Korea, Spain, Canada and India. The company said its planned IBM ... Full story available on Benzinga.com