IBM
International Business Machines Corporation (NYSE: IBM) rose 12% after the U.
Article Summary
BUY- International Business Machines Corporation (NYSE: IBM) rose 12% after the U.S. government announced it would provide $2 billion in quantum computing grants to nine firms under the CHIPS and Science Act, with IBM receiving the largest grant of $1 billion, followed by GlobalFoundries receiving $375 million.
- International Business Machines will use the grant money to support a new IBM company called Anderson, which will operate as America's first pure-play quantum foundry, and contribute $1.1 billion of its own money to match the grant.
- IBM expects quantum computing to generate up to $850 billion in economic value by 2040 and spur American economic growth while also bolstering national security, according to the National Institute of Standards and Technology.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 9.7% | 25% | 35.0 ptsBelow Screener (9.7%) - Weak growth |
| EPS Growth Next 5Y ? | 8.6% | 25% | 20.0 ptsWeak (8.6%) - Low expectations |
| Target Price Upside ? | 5.7% | 20% | 10.0 ptsNear/At Target (5.7%) - Target: $280.78 vs Current: $297.80 |
| Gross Margin % ? | 57.8% | 15% | 80.0 ptsVery Healthy (57.8%) - High-quality margins |
| Drawdown from 52-Wk High ? | -8.3% | 15% | 20.0 ptsBarely a Dip (-8.3%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About IBM
- International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
- It operates through Software, Consulting, Infrastructure, and Financing segments.
- The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
- The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions.
- The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment.
- Its Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services.
- It has strategic partnerships with various companies, including hyperscalers, service providers, global system integrators, and software and hardware vendors that include Adobe, Amazon Web Services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others.
- Additionally, the company operate a data streaming platform.
- The company has a strategic collaboration with Arm Holdings plc for the development of new dual-architecture hardware that helps enterprises run future AI and data intensive workloads.
- The company was formerly known as Computing-Tabulating-Recording Co.
- International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.