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IBM buys HRL Laboratories in shift to two-track quantum computing strategy
Reuters21d agobullish
IBM buys HRL Laboratories in shift to two-track quantum computing strategy

IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the ‌company said on Thursday, adding a second pillar to IBM's quantum computing efforts. IBM has been racing ‌against Alphabet's Google, Microsoft and others to create practical quantum machines that can crack problems that would take conventional computers thousands ​of years to solve. In May, U.S. President Donald Trump's administration said it would award $1 billion to IBM to set up a new company called Anderon in New Albany, New York, to serve as a chip factory for U.S. quantum computing firms.

General Motors (GM) Could Be 40% Undervalued After Q2 Earnings Beat
Simply Wall St.21d agobullish
General Motors (GM) Could Be 40% Undervalued After Q2 Earnings Beat

General Motors (GM) is back in focus after its latest quarter delivered higher North American EBIT margins, a 29.8% jump in adjusted EBIT, and a raised full year 2026 earnings and EPS outlook. See our latest analysis for General Motors. At a share price of $79.52, GM has seen a 4.91% 1 day share price return and a 3.45% 7 day share price return. Its 1 year total shareholder return of 64.14% and 3 year total shareholder return of 116.25% point to strong longer term momentum, with recent...