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Benzinga
Benzinga
Business
Alex Perry

THE TRUTH ABOUT: Ibm stock jumps 5 after quantum computing breakthrough - The Untold Story

IBM HSBC International Business Machines Corporation
Bucharest,,Romania,-,July,09,,2023:,The,Ibm,Logo,Is

Shares of International Business Machines Corporation (NASDAQ: IBM) are up Thursday after the company announced it reached a technological milestone in quantum computing.

What To Know: IBM partnered with London-based bank HSBC to test using quantum computers in bond trading. According to the press release, the trial delivered a 34% improvement in predicting how likely a trade would be filled at a quoted price compared to classical techniques used in the industry. IBM shares jumped on the news.

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