IBM

IBM

Market cap $309B

Wedbush Securities has raised its price target on International Business Machines Corp (NYSE:IBM) from $320 to $350 while maintaining its outperform rating, arguing that a wave of AI-driven disruption fears that weighed on the stock earlier this year has proved unfounded and that the company's underlying momentum across its core product portfolio is strengthening. The upgrade follows what Wedbush describes as a period in which IBM was caught up in what it terms the "AI Ghost Trade," a de-rating driven by concerns that Claude Code, Anthropic's AI coding tool, could modernise legacy COBOL systems and bypass IBM's entrenched enterprise install base entirely.

On the evening of March 30, 2026, Google Quantum AI quietly published a 57-page whitepaper that, in a more attentive market, should have sent cybersecurity stocks and crypto markets into chaos. Instead, it barely registered.

Five-year investment spans research and development, manufacturing, M&A and ecosystem expansion as IBM extends its global lead in quantum computing and advances U.S. leadership ARMONK, N.Y., June 2, 2026  /PRNewswire/ -- IBM (NYSE: IBM) has announced plans to invest more than $10 billion in quantum computing over the next five years.

DoC's proposed $2.013B quantum funding sparks a sector rally, putting D-Wave Quantum and Honeywell's Quantinuum among key beneficiaries.

In an echo of the late 1990s, Cisco Systems and IBM were the best-performing stocks in the Dow Jones Industrial Average last month.

IBM's strong stock momentum Monday comes as the software sector continues its comeback.

IBM is the latest tech stock to set fresh records as investors pile into the AI trade.

IBM (IBM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Analysts with Barclays gave a thumbs up to the company's software shift and quantum vision.

Donald Trump's latest financial disclosures and public endorsements have put several stocks in focus, with investors tracking companies tied to his trades, policy priorities, and public remarks.