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Why Investors Are Finally Separating Quantum Computing Winners From Losers
24/7 Wall St.49d agoneutral
Why Investors Are Finally Separating Quantum Computing Winners From Losers

For much of the past two years, investors treated quantum computing as a single investment theme. Whether a company pursued trapped-ion systems, superconducting qubits, quantum annealing, or photonic architectures mattered less than the fact that it was associated with quantum computing. Capital flowed broadly into the sector as investors searched for the next transformative technology ... Why Investors Are Finally Separating Quantum Computing Winners From Losers

International Business Machines (IBM) Upgraded by JPMorgan as Software Growth Boosts Outlook
Insider Monkey49d agobullish
International Business Machines (IBM) Upgraded by JPMorgan as Software Growth Boosts Outlook

International Business Machines Corporation (NYSE:IBM) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More. On June 23, JPMorgan upgraded International Business Machines Corporation (NYSE:IBM) to Overweight from neutral and hiked its price target to $291 from $270. The firm said it sees “software acceleration” for the stock and that there […]

International Business Machines (IBM) Soars on New Analyst Upgrade
Insider Monkey49d agobullish
International Business Machines (IBM) Soars on New Analyst Upgrade

International Business Machines Corp. (NYSE:IBM) is one of the 10 Resilient Stocks Beating Market Slump. International Business Machines saw its share prices climb by 5.04 percent on Tuesday to close at $264.94 apiece, after JPMorgan turned bullish for its stock, thanks to the rosy prospects for its software business. In a market note, JPMorgan upgraded […]

IBM (IBM) Stock Is Up, What You Need To Know
StockStory50d agoneutral
IBM (IBM) Stock Is Up, What You Need To Know

Shares of technology and consulting giant IBM (NYSE:IBM) jumped 4.3% in the afternoon session after JPMorgan's Brian Essex raised the stock's rating to Overweight from Neutral and lifted his target to $291 from $270 (~15% upside), noting software is only about 45% of revenue but generates roughly two-thirds of consolidated profit, a shift he believes justifies a higher multiple.

Plunge in Chipmakers Drags Stock Indexes Sharply Lower
Barchart50d agobearish
Plunge in Chipmakers Drags Stock Indexes Sharply Lower

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -3.29%. September E-mini S&P futures (ESU26 ) fell -1.41%, and September E-mini Nasdaq futures...

Chicago Missed the Tech Boom. Quantum Computing Gives It a Second Chance.
The Wall Street Journal50d agobearish
Chicago Missed the Tech Boom. Quantum Computing Gives It a Second Chance.

CHICAGO—The Lake Michigan docks that once received iron ore for a 20th-century steel mill will accept a new delivery this summer aimed at fueling Chicago’s future: components of a quantum computer. The site of the former U.S. Steel mill, on a lakeside plot on the city’s South Side, is now a construction zone for a quantum-technology campus that local leaders hope will vault Chicago into the next high-tech era and accelerate Illinois’s economic growth. The Illinois Quantum and Microelectronics Park will host one of the largest quantum computing sites in the world, with companies aiming to commercialize technology harnessing the unique powers of nature’s smallest particles to process information in new ways.