31/05/2026
IBM: From $253 to $297 — What Happened?
On May 21, the US Department of Commerce announced a $2 billion funding program for quantum computing companies across America.
IBM received the largest share — $1 billion — to build a dedicated quantum chip foundry. IBM is matching that with another $1 billion of its own capital. The new company, called Anderon, will operate as America's first pure-play quantum wafer foundry, based in Albany, New York.
The quantum computing industry is estimated to generate up to $850 billion in economic value by 2040, with applications spanning national defence, materials science, financial modelling and energy systems.
IBM plans to invest over $10 billion into quantum over the next five years, targeting a fault-tolerant quantum computer by 2029, with 325+ partners already using its systems. StocksToTrade
Other companies that also received funding as part of the same program:
GlobalFoundries — $375 million
D-Wave Quantum — up to $100 million
Rigetti Computing — up to $100 million
Infleqtion — up to $100 million
Diraq — $38 million
Atom Computing, PsiQuantum and Quantinuum — amounts not disclosed
On the chart, a bullish TAT signal appeared on May 21 at $253. Price subsequently closed above key projected resistance levels. IBM closed most recently at $297.
If you have been following along with our analysis, this was a setup that was identified in advance. What are your thoughts on quantum computing as a long term theme? Share in the comments below.
