By Simply Wall St
Publication Date: 2026-05-06 05:14:00
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IBM (NYSE:IBM) has launched IBM Sovereign Core, a software platform aimed at helping enterprises and public sector entities run AI workloads with tighter control over data and compliance.
The company, together with Cleveland Clinic and RIKEN, reported a quantum computing milestone by simulating the largest biologically meaningful molecule yet on IBM quantum hardware using new hybrid algorithms.
IBM also announced an intended collaboration with Aramco focused on applying AI, automation, and advanced technologies across industrial and energy operations.
IBM shares recently closed at $229.03, with the stock showing a 3 year return of 106.7% and a 5 year return of 100.7%. Over shorter periods, returns have been mixed, including a 7.7% decline over the past month and a 21.4% decline year to date. At the same time, the 3 year and 5…
