- The United States Tennis Association renewed IBM as the Official AI and Cloud Partner of the US Open through 2031.
- IBM shares show a 30-day return of 15.8% and a 90-day gain of 9.6%, against a year-to-date decline of 11.6% and a 1-year total shareholder return fall of 13.2%, per Simply Wall St.
- Simply Wall St's narrative fair value for IBM is $256.08, about 1% below the last close of $257.81, and IBM trades at 21.8x earnings versus 22.5x for the US IT sector.
- Stocktwits reported in May 2026 that IBM plans to spend more than $10 billion over five years on quantum computing, aiming to bring a commercial, large-scale system to market by 2029.
- IBM captured $1 billion of a $2 billion federal quantum grant package and is matching it with $1 billion of its own capital to establish Anderon, a quantum semiconductor foundry in Albany, New York.
- Simply Wall St reports IBM is highlighted as a supplier across mobile virtualization, configuration management, IT operations automation, and AI service virtualization, with a reported market value of about $243.7b.
- Simply Wall St reports IBM's US$24.6b ARR is growing 8% year over year, and its generative AI book of business is reported at US$5.5b.
Quotes
“leading the world into a new era of American innovation”