By Eric Volkman, The Motley Fool
Publication Date: 2026-05-22 17:53:00
This is shaping up to be an eventful week for International Business Machines (NYSE: IBM). The storied tech company was announced as the major focus of a significant federal government initiative to develop quantum computing, and it’s pushing forward on several fronts in the field of artificial intelligence (AI)-powered cybersecurity.
Investors cheered these developments by bidding the stock up by nearly 17% week to date as of early afternoon Friday, according to data compiled by S&P Global Market Intelligence.
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Federal funds
The more impactful of these two developments was the government program. On Thursday, it was announced that the Department of Commerce (DoC) was granting $2 billion to nine quantum computing companies, including IBM. In…
