The largest exchange-traded fund (ETF) tracking U.S. software stocks clocked the biggest single-day buy-in by retail investors on record on Monday, data from Vanda Research showed. Software stocks have largely recovered their losses from earlier this year when fears of industry-wide disruptions due to the rise of AI gripped the sector, though volatility still persists. Mom-and-pop traders bought stock worth a net $46 million in the iShares Expanded Tech-Software Sector ETF on Monday, surpassing the previous single-day record by roughly 40%, as per Vanda.
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In an echo of the late 1990s, Cisco Systems and IBM were the best-performing stocks in the Dow Jones Industrial Average last month.
Investing.com -- IBM shares climbed about 9% on Monday after Barclays initiated coverage of the technology company with an Overweight rating, citing the company's evolution into a software-focused business with steady growth prospects and expanding margins.
IBM stock jumped in morning trading, adding oomph to a big rally that started with a $1 billion award from the federal government for quantum computing late last month. On Monday, analysts with Barclays initiated coverage of IBM stock with a buy rating. IBM stock climbed more than 8% to 323.74 in morning trades on the stock market today.
Quantinuum is set to make the biggest trading debut for any quantum company this year. As anticipation rises, the company is upsizing its initial public offering to as much as $1.46 billion. Quantinuum indicated Monday that it plans to offer 26.5 million shares at prices ranging from $53 to $55 each, compared with earlier plans to sell roughly 21 million shares for $45 to $50 each.
(Bloomberg) -- A nearly six-month old video of Donald Trump praising International Business Machines Corp.’s CEO sent the shares surging almost 9% on Monday, adding more than $24 billion to the company’s stock-market value. Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectStrait of Hormuz Ship Transits Are Rising Thanks to US HelpPro-T
Investing.com -- IBM shares jumped as much as 15% in premarket trading on Monday after a video of President Donald Trump praising the company’s CEO resurfaced on social media over the weekend.
Stock Market Today: The Dow Jones index rose Monday amid ongoing hopes for a U.S.-Iran deal. Nvidia stock jumped on a new chip.
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Quantinuum, which has filed for an IPO, will likely start trading in early June as the number of quantum computing stocks continues to swell.
When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...
When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...
Seagate (STX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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 toward includes research and development funds, capital expenditures and mergers and acquisitions, IBM said in a filing with the Securities and Exchange Commission.
Wall Street stocks are expected to go into reverse on Thursday as optimism about the ceasefire in the Gulf and a potential US-Iran peace deal became increasingly strained. Futures for the tech-laded Nasdaq were tipped to lead the decline, down 0.5%, while S&P 500 and Dow Jones futures...
May 28 (Reuters) - IBM will invest more than $10 billion over the next five years in an effort to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an SEC filing on
IBM will invest more than $10 billion over the next five years in an effort to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an SEC filing on Thursday. The investment will go toward R&D, capital expenditures, scaling manufacturing capabilities and acquisitions, the company known for building the Watson supercomputer said. Last week, companies including IBM and GlobalFoundries announced the Trump administration will take stakes in quantum computing firms to secure leadership in the emerging technology.
Under the new project, dubbed Project Lightwell, the companies said they will deploy a global force of 20,000 engineers, supported by advanced AI, to establish a trusted enterprise clearinghouse.
IBM said on Thursday it has committed $5 billion to an initiative that will deploy engineers and AI tools to help companies better secure open source software. The initiative, called Project Lightwell, seeks to create a "clearinghouse" for open source security, establishing a model for managing risks across the software supply chain. Open source software is freely available code that anyone can use and modify, and powers the technology systems of most companies.
Investors looking for a pure-play bet on quantum computing are about to get their biggest opportunity of the year. Quantinuum, the quantum firm backed by industrial giant Honeywell set the terms for its initial public offering on Tuesday, announcing plans to sell nearly 21.1 million shares at an expected price range of $45 to $50 each. The company sees net proceeds of $941.7 million at the midpoint of the range, or roughly $1.09 billion if underwriters exercise an option to buy an additional 3.16 million shares.
The federal government plans to provide hundreds of millions of dollars to a number of quantum firms to support domestic foundry and technology development.
The initial public offering for Quantinuum, the quantum computing company backed by Honeywell, was priced in an encouraging sign that investors may soon have a new way to buy into the emergent technology. Quantinuum said Tuesday that it plans to sell nearly 21.1 million shares in its IPO, at an expected price range of $45 to $50 a share. A source with direct knowledge of the matter told Barron’s last year that Honeywell was looking to take the company public as soon as late 2026, market conditions permitting.
(Bloomberg) -- Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., is seeking to raise $1.05 billion in its US initial public offering, capitalizing on investor enthusiasm for the technology. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inc
By Aditya Soni and Chandini Monnappa BENGALURU, May 25 (Reuters) - India will need a coordinated push across government, companies and academia on skilling and policy if it wants to become an AI
India will need a coordinated push across government, companies and academia on skilling and policy if it wants to become an AI powerhouse, an IBM executive said, as the technology threatens the country's position as a global services hub. IBM India head Sandip Patel told Reuters on Monday that the South Asian nation's large young workforce could give it an advantage in the global race to adopt and capitalize on the technology, which companies say can improve productivity. More than half of India's population of around 1.4 billion is under 30, giving the world's most populous nation a vast young workforce.
Quantum computing stocks surged after the Trump administration announced more than $2 billion (€1.7bn) in federal support for the sector. IBM received the largest investment and shares rose over 12% adding more than $27 billion (€23.2bn) in market capitalisation.View on euronews