By Proactive
Publication Date: 2026-05-28 20:03:00
International Business Machines Corp (NYSE:IBM) shares rose more than 3% on Thursday to trade at about $264 after the company announced a combined $15 billion investment initiative focused on cybersecurity and quantum computing, moves that Wedbush said could help “future-proof” the company’s business amid rapid technological shifts.
The company unveiled a new cybersecurity effort with Red Hat called Project Lightwell, backed by a $5 billion commitment aimed at securing open-source software using AI-driven tools and services.
IBM said it plans to dedicate 20,000 engineers to help enterprises strengthen software security through patch development, dependency hardening, release engineering, and AI-assisted vulnerability management.
As part of the initiative, IBM also plans to launch an open-source security clearinghouse designed to…
