IBM Stock Jumps 11% as Government Bets $1 Billion on Its Quantum Future

TLDR

• IBM surged over 11% Thursday after the US Commerce Department announced a $2 billion CHIPS Act program for domestic quantum computing firms
• IBM secured the largest single allocation — a $1 billion government grant — to build “Anderon,” billed as America’s first dedicated quantum chip manufacturing foundry
• IBM will match the $1 billion grant with its own capital; the facility will be built in Albany, New York
• The rally added roughly $26 billion to IBM’s market cap, pushing it to approximately $237.8 billion
• Wall Street analysts responded positively, with Evercore ISI pointing to IBM’s growing quantum book of business and its vertically integrated quantum strategy

IBM surged more than 11% on Thursday after the US Department of Commerce announced a $2 billion CHIPS and Science Act program to fund domestic quantum computing companies.

International Business Machines Corporation, IBM

IBM stock was trading around $253.84 by close on Friday, up roughly 17% for the week.

The rally added about $26 billion to IBM’s market cap, lifting it to approximately $237.8 billion. The stock added a further 3% in premarket trading on Friday.

IBM landed the single largest allocation in the program — a $1 billion government grant. The company will match that with $1 billion of its own capital.

The combined $2 billion will be used to build “Anderon,” a new company and facility in Albany, New York. It’s being positioned as the first pure-play, dedicated 300mm quantum chip manufacturing foundry in the United States.

The Department of Commerce will also take a small minority stake in Anderon, though the exact size has not been disclosed.

The total $2 billion was spread across nine quantum computing companies, but IBM was the clear standout recipient.

What Wall Street Is Saying

Analyst Amit Daryanani at Evercore ISI called the news a positive for IBM and said it should “reflect confidence in their quantum roadmap.”

He noted IBM already has a quantum book of business worth more than $1 billion in total signings since inception, and that it’s growing each quarter.

Daryanani also highlighted IBM’s vertically integrated approach — covering processors, cryogenic systems, software through its Qiskit platform, and real-world partnerships.

IBM has projected that quantum computing could generate $850 billion in economic value globally by 2040.

IBM’s AI Security Push

Separately, IBM also made moves in AI-powered cybersecurity this week. The company announced a high-profile AI developer joined Project Glasswing, its cybersecurity industry consortium.

It also launched IBM Autonomous Security, a new multi-agent AI service aimed at strengthening its security product line.

Those developments added another layer to an already busy week for the company.

One thing worth keeping in mind: Anderon still has to be built. Revenue from quantum operations remains years away, and the foundry is still in early stages.

IBM’s 52-week range sits between $212.34 and $324.90, with the stock now trading near the middle of that band following this week’s move.

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