By Billy Duberstein
Publication Date: 2026-05-21 18:42:00
Shares of International Business Machines (IBM +11.82%) rallied 11.3% on Thursday, as of 2:35 p.m. EDT.
IBM, as a large-cap stock, doesn’t tend to move this much without quarterly earnings. But today, “Big Blue” was at the center of big quantum computing news, which also included the very newsworthy Trump administration.
International Business Machines
Today’s Change
(11.82%) $26.59
Current Price
$251.59
IBM unveils Anderon, the country’s first quantum foundry
Today, the U.S. Commerce Department announced its intention to fund roughly a dozen U.S. quantum computing companies to accelerate the development of the technology. Among the awardees was IBM, which announced Anderon, what it calls, “America’s first pure-play quantum foundry.”
According to the news release, IBM and the Commerce Department have signed a letter of intent to build Anderon in…
