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IBM Stock Pops on Quantum Deal with Cisco Systems
Schaeffers Investment Research·2025-11-21 00:01

Shares of IBM Corp (NYSE:IBM) are on the rise, up 2.9% at 296.81atlastglance,afternewsbrokethatthecompanyispartneringwithfellowDowmemberCiscoSystems(CSCO)tobuildanetworkof"large−scale,fault−tolerantquantumcomputers."Withplanstofinishbyearlynextdecade,thetwohopetoofferaproof−of−conceptwithinfiveyears. Onthecharts,IBMjustexperiencedashort−termpullbackfromitsNov.12recordhighof296.81 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." With plans to finish by early next decade, the two hope to offer a proof-of-concept within five years. On the charts, IBM just experienced a short-term pullback from its Nov. 12 record high of 324.90, looking to snap a three-day losing streak with today's pop. Year ...