IBM Stock News

International Business Machines Corporation ( IBM ) Global Technology, Internet, Media & Telecommunications Conference 2025 November 19, 2025 10:00 AM EST Company Participants Ric Lewis - Senior Vice President of Infrastructure Conference Call Participants Matthew Swanson - RBC Capital Markets, Research Division Presentation Matthew Swanson RBC Capital Markets, Research Division Back day 2 of t...

Quantum stocks have been absolutely demolished amid the latest tech-focused market pullback.

Artificial intelligence continues to evolve, with Quantum Computing and IBM working on tech to enable this. Quantum Computing uses light-based quantum machines that operate at the speed needed for AI applications, such as autonomous vehicles.

International Business Machines Corp (NYSE:IBM) and Cisco Systems Inc (NASDAQ:CSCO, XETRA:CIS) have announced a collaboration aimed at developing a network of large-scale, fault-tolerant quantum computers. The partnership combines IBM's expertise in quantum computing with Cisco's innovations in quantum networking.

Shares of IBM Corp (NYSE:IBM) are on the rise, up 2.9% at $296.81 at last glance, after news broke that the company is partnering with fellow Dow member Cisco Systems (CSCO) to build a network of "large-scale, fault-tolerant quantum computers.

The companies are targeting a connected fault-scale network by the “early 2030s” as they work toward their goal of a “quantum-computing internet.”

IBM and Cisco Systems on Thursday said they plan to link quantum computers over long distances, with the goal of demonstrating the concept is workable by the end of 2030.

-  New collaboration plans to unite strengths of both leaders to design a connected network of large-scale, fault-tolerant quantum computers, targeted by early 2030s -  Companies plan to deliver an initial demonstration of multiple networked quantum computers within five years -  Distributed quantum network could lay groundwork towards quantum computing internet defined by quantum computers, se...