By David Moadel
Publication Date: 2026-06-01 13:25:00
© Sundry Photography / iStock Editorial via Getty Images
Shares of IBM (NYSE:IBM | IBM Price Prediction) are up 7% in early trading Monday to $320 and change, extending a historic May rally into June. Pure-play quantum names IonQ (NYSE:IONQ) and Rigetti Computing (NASDAQ:RGTI) are moving in the opposite direction, with IONQ stock down 4% to around $69 and RGTI stock down 4% to $24 and change.
The divergence reflects capital concentrating in the legacy quantum player rather than spreading across the speculative complex. IBM just delivered its best monthly performance in nearly 24 years, gaining 32% over the past month.
IonQ stock had climbed 71% over the past month before today’s pullback, while Rigetti stock had gained 59% in the same window. The quantum trade has been red-hot across the board, and today’s session shows the institutional bid funneling into IBM stock.
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