IBM Option Alert: Oct 17 $260 Puts at the Ask: 800 vs 203 OI; Earnings 7/23 After Close 

IBM Option Alert: Oct 17 $260 Puts at the Ask: 800 @ $10.5 vs 203 OI; Earnings 7/23 After Close Ref=$277.74

IBM Option Alert: Jan, 2027 $110 Calls at the Bid: 61 vs 104 OI; Earnings 7/23 After Close [est] 

IBM Option Alert: Jan, 2027 $110 Calls at the Bid: 61 @ $163.9 vs 104 OI; Earnings 7/23 After Close [est] Ref=$272.56

IBM Option Alert: Jan, 2027 $105 Calls at the Bid: 62 vs 102 OI; Earnings 7/23 After Close [est] 

IBM Option Alert: Jan, 2027 $105 Calls at the Bid: 62 @ $168.5 vs 102 OI; Earnings 7/23 After Close [est] Ref=$272.76

IBM (NYSE:IBM) Bolsa

INTL BUSINESS MACHINES CORP

Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.

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Oracle e IBM podrían vivir su mayor recuperación en años con el auge de la inteligencia artificial, según Dan Ives de Wedbush.

Oracle e IBM se perfilan como los nuevos gigantes de la IA, según Wedbush

London,-,May,21:,Ibm,Logo,On,The,Ibm,Client

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Acciones de IBM suben tras presentar su plan para desarrollar el IBM Quantum Starling, un ordenador cuántico 20.000 veces más potente.

IBM impulsa sus acciones tras anunciar ordenador cuántico tolerante a fallos para 2029

Close-,Up,Of,Computer,Chip,With,Ai,Sign.,Artificial,Intelligence.

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Arabia Saudita se posiciona como líder en IA con acuerdos estratégicos con Nvidia y otras tecnológicas. Descubre los detalles.

Arabia Saudita apuesta por la IA: Nvidia (NVDA) lidera el impulso tecnológico

International Business Machines Corporation Common Stock

International Business Machines Corp

iShares Trust iBonds Dec 2023 Term Muni Bd ETF

iShares Trust iBonds Dec 2024 Term Muni Bd ETF

iShares iBonds Dec 2025 Term Muni Bond ETF

iShares iBonds Dec 2026 Term Muni Bond ETF

iShares iBonds Dec 2027 Term Muni Bond ETF

iShares iBonds Dec 2028 Term Muni Bond ETF

iShares Trust iShares iBonds Dec 2029 Term Muni Bond ETF

iShares Trust iShares iBonds Dec 2030 Term Muni Bond ETF

iShares Trust iShares iBonds Dec 2031 Term Muni Bond ETF

IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has outperformed the market over the past 5 years by 5.97% on an annualized basis producing an average annual return of 20.76%. Currently, IBM has a market capitalization of $273.01 billion. 
Buying $1000 In IBM: If an investor had bought $1000 of IBM stock 5 years ago, it would be worth $2,624.63 today based on a price of $293.75 for IBM at the time of writing.
<h3>IBM's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750806017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning IBM Stock In The Last 5 Years

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$205.00</td>
<td>$27.1K</td>
<td>38.4K</td>
<td>61.0K</td>
</tr>
<tr>
<td>CRCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$200.00</td>
<td>$46.8K</td>
<td>22.7K</td>
<td>36.4K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$137.00</td>
<td>$46.1K</td>
<td>2.9K</td>
<td>31.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$270.00</td>
<td>$41.3K</td>
<td>1.4K</td>
<td>14.8K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$485.00</td>
<td>$35.1K</td>
<td>1.5K</td>
<td>8.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$370.00</td>
<td>$27.9K</td>
<td>4.2K</td>
<td>4.5K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$70.00</td>
<td>$198.7K</td>
<td>27.1K</td>
<td>3.1K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/17/27</td>
<td>$105.00</td>
<td>$748.0K</td>
<td>4.0K</td>
<td>2.8K</td>
</tr>
<tr>
<td>NN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$13.00</td>
<td>$52.8K</td>
<td>47</td>
<td>2.7K</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$297.50</td>
<td>$159.5K</td>
<td>59</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on June 27, 2025. Parties traded 331 contract(s) at a $205.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $82.0 per contract. There were 38450 open contracts at this strike prior to today, and today 61020 contract(s) were bought and sold. 
• Regarding CRCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on June 27, 2025. Parties traded 71 contract(s) at a $200.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $46.8K, with a price of $660.0 per contract. There were 22766 open contracts at this strike prior to today, and today 36449 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on June 27, 2025. This event was a transfer of 179 contract(s) at a $137.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $46.1K, with a price of $258.0 per contract. There were 2993 open contracts at this strike prior to today, and today 31263 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on July 3, 2025. Parties traded 180 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $41.3K, with a price of $230.0 per contract. There were 1489 open contracts at this strike prior to today, and today 14859 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on June 27, 2025. This event was a transfer of 300 contract(s) at a $485.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $117.0 per contract. There were 1580 open contracts at this strike prior to today, and today 8653 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on June 27, 2025. This event was a transfer of 116 contract(s) at a $370.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $241.0 per contract. There were 4239 open contracts at this strike prior to today, and today 4548 contract(s) were bought and sold. 
• Regarding CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we observe a call option trade with bullish sentiment. It expires in 87 day(s) on September 19, 2025. Parties traded 984 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $198.7K, with a price of $202.0 per contract. There were 27109 open contracts at this strike prior to today, and today 3131 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 906 day(s) on December 17, 2027. This event was a transfer of 113 contract(s) at a $105.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $748.0K, with a price of $6620.0 per contract. There were 4072 open contracts at this strike prior to today, and today 2896 contract(s) were bought and sold. 
• Regarding NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>), we observe a put option sweep with bullish sentiment. It expires in 24 day(s) on July 18, 2025. Parties traded 1505 contract(s) at a $13.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $52.8K, with a price of $35.0 per contract. There were 47 open contracts at this strike prior to today, and today 2716 contract(s) were bought and sold. 
• Regarding IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on July 3, 2025. Parties traded 684 contract(s) at a $297.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $159.5K, with a price of $235.0 per contract. There were 59 open contracts at this strike prior to today, and today 1109 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

AVGO

CRCL

CSCO

MSTR

10 Information Technology Stocks Whale Activity In Today's Session

Today, Parsons Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSN#NYSE">PSN</a>) and IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) announced a collaboration to deliver on President Donald Trump's and Transportation Secretary Sean Duffy's vision for a brand new, state of-the-art air traffic control system. This collaboration directly responds to Secretary Duffy's call for world-class innovators to rapidly spearhead the overhaul of the Federal Aviation Administration's (FAA) National Airspace System (NAS), prioritizing an open vendor agnostic approach that enables the agency to leverage the latest technologies and continuously improve their systems based on real-time feedback and evolving needs. Parsons would serve as the prime contractor and single point of accountability, providing unified leadership and full program responsibility to ensure mission success.

Parsons And IBM Collaborate To Deliver On President Donald Trump's And Transportation Secretary Sean Duffy's Vision For New Air Traffic Control System

IBM's next-generation quantum computer, now online in Japan, is also connected to the supercomputer Fugaku to accelerate quantum computational power and accuracy&nbsp;

Reported Earlier, IBM And RIKEN Unveil Quantum System Two With Heron Processor In Kobe, Creating Hybrid Platform For Advanced Scientific Research And Algorithm Discovery

Wedbush analyst Daniel Ives maintains IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) with a Outperform and raises the price target from $300 to $325.

Price Target

Wedbush Maintains Outperform on IBM, Raises Price Target to $325

Dan Ives&#8216; new artificial intelligence exchange-traded fund (ETF) holds securities beyond the Magnificent 7 stocks, as he believes in looking past valuations for investments in the technology sector.
What Happened: The Dan IVES Wedbush AI Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVES#NYSE">IVES</a>), managed by the Wedbush analyst, started trading on June 4, earlier this month.
Ives <a href="https://www.benzinga.com/etfs/new-etfs/25/06/45774136/wedbush-launches-ai-revolution-etf-backed-by-dan-ives-proprietary-tech-picks">boasts of the fund</a> by saying that it just doesn&#8217;t have the top four, five Magnificent 7 names, but stocks which investors wouldn&#8217;t even thematically consider as an AI name today. 
"I believe the market is still massively underestimating what the growth is going to look like for the AI revolution in tech," he told CNBC.
According to him, tech trade remains significant even for the investors who missed out on its growth in the past few years.
"If you focus just on valuation, you miss every transformational tech stock of the last 20 years," Ives said.
Ives says Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) will be the &#8220;epicenter&#8221; of the AI theme, while highlighting other &#8216;AI 30&#8217; stocks which are part of his fund.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), SoundHound AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), and Innodata Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) are a few notable names that are a part of his ETF&#8217;s &#8216;AI 30&#8217; basket.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) are the top three holdings of the IVES fund.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45993387/trumps-tariffs-trigger-layoffs-monopoly-maker-hasbro-slashes-jobs-these-companies-are-cutting-too">Trump&#8217;s Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too</a>
Why It Matters: The &#8216;AI 30&#8217; stocks, which are a part of the IVES ETF, hold the AI plays from multiple industries. They include hyperscalers, cybersecurity, consumer platforms, and robotics. According to Ives, the list was compiled from his deep dives into major AI players.
The ETF has $183 million in assets under management as of June 17 close. Ives said that the AI space was experiencing a "golden age."
The Dan IVES Wedbush AI Revolution ETF has risen by 2.76% since its inception. A comparable index, S&amp;P Kensho Global Artificial Intelligence Enablers, rose 6.08% on a month-to-date basis.
Meanwhile, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, declined slightly on Wednesday. The SPY was down 0.015% at $597.44, while the QQQ was 0.017% lower at $528.99, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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</ul>
Photo courtesy: Shutterstock

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INOD

IVES

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Dan Ives Says Market Is 'Massively Underestimating' This AI Play, Urges Investors To Look Beyong Mag 7

Bank of America Securities (BofA) analyst Wamsi Mohan reiterated a Buy rating on International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), raising the <a target="_blank" href="https://www.benzinga.com/quote/IBM/analyst-ratings" rel="noreferrer noopener">price forecast from $290 to $320</a>.
Despite trading at all-time highs, Mohan argued that IBM remains interesting due to its transformational initiatives, positioning for growth in Gen AI, Agentic AI (and eventually quantum), and strong FCF driven by internal productivity initiatives.
The analyst highlighted IBM&#8217;s appeal as a defensive investment, noting its improving revenue growth. According to Mohan, this growth is expected to generate higher cash flow, which IBM can then strategically re-invest into further mergers and acquisitions (M&amp;A).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/06/45901958/ibm-google-emerge-as-top-investors-in-quantum-computing-with-most-patents-issued-in-2025-only-two-companies-seriously-investing-says-martin-shkreli" rel="noreferrer noopener">IBM, Google Emerge As Top Investors In Quantum Computing With Most Patents Issued In 2025: &#8216;Only Two Companies Seriously Investing,&#8217; Says Martin Shkreli</a>
He said IBM underwent a significant transformation over the last five years by shifting its software segment towards strategic M&amp;A investments, shedding lower-growth or high-cost businesses, and rebalancing its portfolio towards cloud and AI trends.
The Mainframe has become more relevant and drives everything from AI to increased software attachment and higher-quality MIPS in transaction processing, all of which support higher (accelerating) growth in the future, Mohan mentioned.
The analyst said the public cloud, a headwind from 2010-2020, incrementally poses a lower risk, while Hybrid takes a firm hold. He said IBM&#8217;s platform approach also drives higher value, given the multiplier effects of Hardware and Consulting. Mohan asserted that GenAI and RedHat can drive acceleration in the portfolio.
The analyst said that IBM remains structurally under-owned and underweight despite its recent rally. He noted that this disconnect stems from the underperformance from 2010-2019, as revenues, margins, and FCF were under pressure. While bears acknowledge the turnaround (2020-2025), the valuation relative to the growth profile remains a hurdle for many, Mohan said.
The analyst noted that while IBM has historically traded at a discount to large-cap software peers, its recent re-rating has pushed its valuation closer to premium territory despite still-limited growth.
As of the second quarter of 2025, Mohan noted that IBM trades at roughly 26x forward P/E and 21x P/FCF, more aligned with faster-growing SaaS names than legacy IT vendors.
Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) trades at ~30x forward P/E and 42x EV/FCF but is growing revenue at 14-15% with higher operating leverage and leadership in cloud, office productivity, and AI, the analyst said.
Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) trades at ~28x forward P/E and 357x EV/FCF (FCF suffering from OCI investments) with double-digit revenue growth. However, he noted that the company has transitioned a significant portion of its business to recurring cloud-based revenue and has a strong IaaS strategy.
In contrast, Mohan said that IBM&#8217;s software segment grows ~6-8% organically and lacks a flagship SaaS product or hypergrowth vector.
He stated that much of its valuation uplift has been driven by cost efficiencies, dividend support, and investor rotation into &#8220;defensive tech&#8221; amid market volatility.
He noted that these drivers are less durable than secular product leadership or developer ecosystem strength. Moreover, Mohan said that IBM&#8217;s reliance on M&amp;A to sustain growth could cap FCF expansion and weigh on the return on invested capital (ROIC).
If the growth fails to accelerate meaningfully, especially in AI or hybrid cloud, investors may reprice the stock closer to legacy IT multiples, exceptionally if broader tech resumes outperforming, the analyst said.
While IBM may benefit from low expectations and under-ownership, its current valuation offers little margin of safety unless it can prove that mid-single digit growth and 50%+ FCF payout justify a higher terminal multiple, he said.
For IBM, Mohan projected fiscal 2025 revenue of $65.8 billion and EPS of $10.95.
Price Action: IBM stock is trading higher by 1.18%&nbsp;to&nbsp;$286.39 at last check Wednesday.
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Photo via Shutterstock

Reiteration

IBM Stock Remains Under-Owned Despite Rally, Analyst Sees Further Upside Potential

Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) may be staging their biggest comeback in years, according to senior Wedbush Securities analyst Dan Ives.
What Happened: During his recent appearance on the RiskReversal podcast on Tuesday, Ives drew parallels between the current trajectories of Oracle and IBM, and that of Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) prior to its breakout in mid-2023, when the AI momentum first began.
&#8220;I kind of view IBM and Oracle similar to how I viewed Microsoft in mid-2023,&#8221; Ives said, while adding that the broader AI tailwind is far from priced in. 
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45989297/elon-musks-x-sues-new-york-over-stop-hiding-hate-act-calls-disclosure-mandate-a-violation-of-free-speech">Elon Musk&#8217;s X Sues New York Over &#8216;Stop Hiding Hate&#8217; Act, Calls Disclosure Mandate A Violation Of Free Speech</a>
Ives believes there will be a wave of rotation into underappreciated AI beneficiaries such as Oracle and IBM as institutional investors play catch-up. 
&#8220;From an institutional perspective, especially when it comes to AI, I think you are seeing catch-up trades to Oracle. I think you're seeing it with IBM,&#8221; he says.
Ives highlighted that both firms have massive installed bases and their positioning within the enterprise AI sales cycle as reasons for the bullish outlook. He says they are now essentially AI infrastructure providers, not unlike Microsoft, during the early stages of Azure-OpenAI integration. 
Why It Matters: Last week, Oracle stunned the markets with its <a href="https://www.benzinga.com/markets/earnings/25/06/45893773/oracle-q4-earnings-revenue-eps-beat-estimates-cloud-infrastructure-growth-expected-to-accelerate-with-demand-skyrocketing">fourth quarter results</a>, with a beat on consensus estimates at the top and bottom lines, coupled with significantly better guidance for 2026. 
On Tuesday, Oracle announced the<a href="https://www.benzinga.com/markets/tech/25/06/45968405/oracle-launches-new-defense-program-to-help-us-military-tap-into-ai-and-cloud-tech"> launch of its Defense Ecosystem</a>, aimed at enhancing tech adoption in the defense and government sectors. 
IBM&#8217;s tactical foray into AI has similarly <a href="https://www.benzinga.com/25/05/45259042/ibm-thinks-big-ai-delivers-bigger-why-bulls-are-charging-toward-300">garnered praise</a> from analysts and investors, with Ives himself commenting on the stock, saying that he was &#8220;incrementally more bullish&#8221; following the IBM Think conference in Boston last month. He reiterated his &#8220;Outperform&#8221; rating on the stock, with a price target of $300, a 6% upside from current levels.
Price Action: Shares of Oracle were down 1.38% on Tuesday, trading at $208.18, while IBM closed up by 0.43%, at $283.05.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18023907/Screenshot-2025-06-18-at-12.08.53-PM-1024x148.png" alt="" class="wp-image-953346" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18023907/Screenshot-2025-06-18-at-12.08.53-PM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18023907/Screenshot-2025-06-18-at-12.08.53-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18023907/Screenshot-2025-06-18-at-12.08.53-PM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18023907/Screenshot-2025-06-18-at-12.08.53-PM.png 1520w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Oracle scores well on Momentum, ranked in the 89th percentile, and has a favorable price trend in the short, medium, and long term, but how does it compare with IBM? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out. 
Photo courtesy: Sundry Photography / Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">Mark Zuckerberg&#8217;s Meta Dangled &#8216;$100 Million Signing Bonuses&#8217; To OpenAI Team Members, Says Sam Altman: Happy &#8216;None&#8217; Of Our Best People Took Them</a></li>
</ul>

Dan Ives Says Oracle And IBM Are The 'New Microsoft' In Big Catch-Up Trade: 'Broader AI Tailwind Is Far From Priced In'

B of A Securities analyst Wamsi Mohan maintains IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) with a Buy and raises the price target from $290 to $320.

B of A Securities Maintains Buy on IBM, Raises Price Target to $320

<ul>
<li>New 'Match Chat' assistant&nbsp;allows tennis&nbsp;fans to ask for and receive real-time insights and analysis during ladies' and gentlemen's singles matches&nbsp;</li>
<li>Enhanced 'Likelihood to Win' tool will update throughout each game</li>
</ul>

All England Club And IBM Expand Digital Fan Experience At Wimbledon 2025 With Interactive Match Chat And AI Momentum Tools

June 13, 2025 records indicate that Representative Jonathan Jackson filed a sale of Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>), valued between $65,002 and $150,000. According to the June filing, the transaction occurred on May 7, 2025.
Currently, Linde shares are trading up 0.61% at $468.8.
<h3>What Representative Has Been Trading Recently</h3>
Over the previous three years, Jonathan Jackson conducted 98 trades, totaling more than $1.66 million. The largest of these were in Honeywell Intl and Applied Mat stock. Some of the most notable transactions the Rep. has executed recently include: 
<ul>
<li>IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>): $50,001 - $100,000 Purchase</li>
<li>Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>): $50,001 - $100,000 Sale</li>
<li>Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>): $50,001 - $100,000 Purchase</li>
</ul>
Here's a summary of Jonathan Jackson's most recent trades:
<table>
<thead>
<tr>
<th>Company</th>
<th>Ticker</th>
<th>Stock Type</th>
<th>Amount</th>
<th>Transaction Type</th>
<th>Transaction Date</th>
</tr>
</thead>
<tbody>
<tr>
<td>Church &amp; Dwight Co</td>
<td>CHD</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>S</td>
<td>2025-05-14</td>
</tr>
<tr>
<td>IBM</td>
<td>IBM</td>
<td>STOCK</td>
<td>$50,001 - $100,000</td>
<td>P</td>
<td>2025-05-14</td>
</tr>
<tr>
<td>Linde</td>
<td>LIN</td>
<td>STOCK</td>
<td>$50,001 - $100,000</td>
<td>S</td>
<td>2025-05-07</td>
</tr>
<tr>
<td>Alphabet</td>
<td>GOOGL</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>S</td>
<td>2025-04-21</td>
</tr>
<tr>
<td>Eli Lilly</td>
<td>LLY</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>P</td>
<td>2025-04-21</td>
</tr>
</tbody>
</table>
If you want to stay updated on Jonathan Jackson's trades and other congressional members, check out our <a href="https://www.benzinga.com/gov-trades/members/jonathan-jackson">government trades tool</a> to track their activity in real time!
<h3>Why Congressional Transactions Matter</h3>
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Government

Politics

General

NFLX

Illinois Rep. Jonathan Jackson Sold Up to $150K Worth of Linde Stock

Investors with a lot of money to spend have taken a bullish stance on IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IBM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 19 uncommon options trades for IBM.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 31%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $66,640, and 17 are calls, for a total amount of $795,217.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $300.0 for IBM during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for IBM's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of IBM's whale trades within a strike price range from $240.0 to $300.0 in the last 30 days. 
<h3>IBM Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749837776_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$16.95</td>
<td>$16.7</td>
<td>$16.95</td>
<td>$285.00</td>
<td>$118.6K</td>
<td>280</td>
<td align="right">72</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$51.35</td>
<td>$51.2</td>
<td>$51.2</td>
<td>$240.00</td>
<td>$102.4K</td>
<td>1.7K</td>
<td align="right">20</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$34.8</td>
<td>$32.35</td>
<td>$33.58</td>
<td>$300.00</td>
<td>$67.1K</td>
<td>1.2K</td>
<td align="right">50</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$16.75</td>
<td>$16.2</td>
<td>$16.75</td>
<td>$280.00</td>
<td>$67.0K</td>
<td>2.9K</td>
<td align="right">40</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$48.95</td>
<td>$47.5</td>
<td>$47.5</td>
<td>$270.00</td>
<td>$57.0K</td>
<td>1.1K</td>
<td align="right">15</td>
</tr>
</tbody>
</table>

<h3>About IBM</h3>
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.
<h3>Present Market Standing of IBM</h3>
<ul>
<li>With a trading volume of 1,374,826, the price of IBM is down by -1.12%, reaching $277.87.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 40 days from now.</li>
</ul>
<h3>What Analysts Are Saying About IBM</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $287.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from RBC Capital persists with their Outperform rating on IBM, maintaining a target price of $285. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on IBM, which currently sits at a price target of $290. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for IBM with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Markets

Decoding IBM's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on IBM. Our analysis of options history for IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) revealed 33 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 24% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $154,810, and 30 were calls, valued at $1,360,451.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $210.0 to $380.0 for IBM over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for IBM's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across IBM's significant trades, within a strike price range of $210.0 to $380.0, over the past month.
<h3>IBM 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749744165_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$36.25</td>
<td>$34.75</td>
<td>$35.95</td>
<td>$300.00</td>
<td>$107.8K</td>
<td>697</td>
<td>173</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$36.35</td>
<td>$35.6</td>
<td>$36.15</td>
<td>$300.00</td>
<td>$72.2K</td>
<td>697</td>
<td>198</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.45</td>
<td>$1.33</td>
<td>$1.44</td>
<td>$290.00</td>
<td>$71.7K</td>
<td>1.2K</td>
<td>2.3K</td>
</tr>
<tr>
<td>IBM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$28.3</td>
<td>$27.6</td>
<td>$27.6</td>
<td>$290.00</td>
<td>$69.0K</td>
<td>21</td>
<td>25</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.32</td>
<td>$1.3</td>
<td>$1.3</td>
<td>$290.00</td>
<td>$65.9K</td>
<td>1.2K</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h3>About IBM</h3>
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.
Having examined the options trading patterns of IBM, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of IBM</h3>
<ul>
<li>Trading volume stands at 1,041,399, with IBM's price down by -0.06%, positioned at $281.35.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 41 days.</li>
</ul>
<h3>Expert Opinions on IBM</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $287.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on IBM with a target price of $290. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for IBM, targeting a price of $285. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for IBM, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On IBM

Many big tech companies, including startups, are foraying into the emerging field of quantum computing. Out of the 300 quantum computing patents issued in 2025, two companies have received the most.
What Happened: International Business Machines Corp. and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google appear to have made significant investments in the quantum computing space on a year-to-date basis.
According to the data shared by Martin Shkreli, there was a steep drop-off in issued patents after IBM and Google, suggesting that other companies are either smaller players or not prioritizing quantum computing as heavily.
IonQ Inc., D-Wave Quantum Inc., PsiQuantum, Quantinuum, and Intel Corp., followed the first two firms.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I looked at every quantum computing patent issued this year (&gt;300) so you don&#39;t have to. A few takeaways 1) QC is a very small space with only two companies seriously investing (rest are startups or not serious) 2) Craig Gidney is 1337 (1/2) <a href="https://t.co/rqtcbvpUO9">pic.twitter.com/rqtcbvpUO9</a>
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1932861083938635989?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Furthermore, he highlighted that Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) also hold quantum patents, which he describes as &#8220;big company spend.&#8221;
Large corporations often invest in emerging technologies like quantum computing to hedge against future disruptions, even if they're not leading the field.
Shkreli also notes that companies like Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) are working on Quantum Key Distribution (QKD) and quantum networking patents. QKD uses quantum mechanics to secure communications, offering theoretically unbreakable encryption.
Lastly, Shkreli suggests that Microsoft Corp.&#8217;s patent output doesn't match its spending or public statements, implying they may be focusing more on development or partnerships rather than patenting their work.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">3) China is surprisingly involved at the level of top companies (Alibaba, Tencent) 4) Wells Fargo, Bank of America, JPMorgan all have some quantum patents (emblematic of &quot;big company spend&quot; that I&#39;ve been talking about) 5) Cisco and other networking players have some QKD/quantum…
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1932861086224494849?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45888626/nvidia-apple-amazon-microsoft-and-alphabets-insitutional-investors-sold-8-4-billion-shares-in-q1-filings-reveal">Nvidia, Apple, Amazon, Microsoft, And Alphabet&#8217;s Institutional Investors Sold 8.4 Billion Shares In Q1, Filings Reveal</a>
Why It Matters: The evolving quantum computing space relies on qubits, which, unlike classical bits in traditional computers, can superpose and entangle 0 and 1 to solve complex problems.
While still in the development stage, many publicly listed firms are involved in their research and development. Here&#8217;s a list of a few companies and an exchange-traded fund that tracks such companies.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</td>
<td>28.00%</td>
<td>66.58%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>-6.21%</td>
<td>-0.43%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>2.27%</td>
<td>-32.77%</td>
</tr>
<tr>
<td>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</td>
<td>8.61%</td>
<td>40.71%</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>12.91%</td>
<td>7.16%</td>
</tr>
<tr>
<td>IonQ Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)</td>
<td>-7.89%</td>
<td>399.37%</td>
</tr>
<tr>
<td>D-Wave Quantum Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)</td>
<td>72.01%</td>
<td>1325.00%</td>
</tr>
<tr>
<td>Rigetti Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</td>
<td>-37.40%</td>
<td>1127.45%</td>
</tr>
<tr>
<td>Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)</td>
<td>1.12%</td>
<td>2864.06%</td>
</tr>
<tr>
<td>Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>)</td>
<td>8.24%</td>
<td>38.92%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.29% at $601.36, while the QQQ declined 0.34% to $532.41, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices fell on Thursday.
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Photo courtesy: JHVEPhoto / Shutterstock.com

INTC

IONQ

QBTS

QTUM

QUBT

RGTI

IBM, Google Emerge As Top Investors In Quantum Computing With Most Patents Issued In 2025: 'Only Two Companies Seriously Investing,' Says Martin Shkreli

An Atari 2600 chess cartridge has humiliated OpenAI's vaunted ChatGPT, highlighting the limits that large language models still face outside pure text.
What Happened: Citrix engineer Robert Caruso <a href="https://www.linkedin.com/posts/robert-jr-caruso-23080180_ai-chess-atari2600-activity-7337108175185145856-HSP0/">pitted</a> ChatGPT-4o against Video Chess (1979) through an emulator and watched the bot "get absolutely wrecked on the beginner level," he wrote on LinkedIn.
Caruso said the 90-minute match went downhill immediately: the bot "confused rooks for bishops, missed pawn forks and repeatedly lost track of where pieces were," first blaming Atari's pixel icons and then floundering even after he switched to algebraic notation.
The system begged to restart several times before the 1.19 MHz console sealed the win.
Chess has long served as a yardstick for machine intelligence. IBM's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) Deep Blue dethroned the world champion, then Garry Kasparov, in 1997, but ChatGPT is a language generator and not a search-heavy chess engine, and therefore unlikely to serve that purpose well.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/45899881/apple-study-asks-whether-ai-can-think-for-itself-experts-say-its-limits-are-human-made">Apple Study Asks Whether AI Can Think For Itself: Experts Say Its Limits Are Human-Made</a>
Developers have tried to bridge the gap with plugins such as ChessGPT, yet the model still stumbles at board-state memory and legal-move tracking, as Caruso states.
Why It Matters: The flop arrives as ChatGPT jostles with Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google's Gemini, Microsoft's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Copilot and Anthropic's Claude for everyday users. Alphabet recently expanded new <a href="https://www.benzinga.com/markets/25/05/45537306/google-unveils-total-reimagining-of-search-with-chatbot-style-feature-to-compete-with-openai">Gemini AI additions</a> to its search engine. OpenAI, for its part, rolled out a more "reliable" GPT-o3 Pro model earlier this week, hoping to keep developers loyal.
OpenAI on Monday said its annualized revenue run rate has <a href="https://www.benzinga.com/markets/tech/25/06/45852700/openai-surges-past-10-billion-in-annualized-revenue-amid-record-chatgpt-use-leaves-rivals-like-amazon-backed-anthropic-behind">climbed to $10 billion</a>, nearly doubling the $5.5 billion it posted at the end of 2024. The figure, which excludes Microsoft licensing fees and other one-off deals, reflects recurrent sales driven by ChatGPT's growing base of 500 million weekly active users as of March.
The company is reportedly <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">seeking up to $40 billion</a> in a SoftBank-led funding round that could push its valuation to $300 billion. Rival Anthropic, backed by Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet, has crossed a $3 billion run-rate after securing $3.5 billion in capital, giving it a $61.5 billion valuation.
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/45899475/craig-federighi-says-building-a-chatbot-was-never-the-goal-promises-apple-intelligences-focus-is-to-meet-you-where-you-are">Craig Federighi Says &#8216;Building A Chatbot&#8217; Was Never The Goal, Promises Apple Intelligence&#8217;s Focus Is To &#8216;Meet You Where You Are&#8217;</a>

ChatGPT Kept 'Begging To Restart' Before Being Beaten By 1979 Atari 2600 In A 'Beginner Level' Chess Showdown

IBM Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) saw its shares rise Tuesday after the company unveiled an ambitious roadmap to build the world&#8217;s first large-scale, fault-tolerant quantum computer by 2029. Here&#8217;s what investors <a href="https://www.benzinga.com/pressreleases/25/06/n45855172/ibm-sets-the-course-to-build-worlds-first-large-scale-fault-tolerant-quantum-computer-at-new-ibm-q">need to know</a>.
What To Know: The stock's positive momentum followed the announcement of the &#8220;IBM Quantum Starling,&#8221; a system projected to be 20,000 times more powerful than today&#8217;s most advanced quantum computers.
&#8220;IBM is charting the next frontier in quantum computing,&#8221; said Arvind Krishna, IBM Chairman and CEO. He stated the company&#8217;s expertise is paving the way for a machine that will &#8220;solve real-world challenges and unlock immense possibilities.&#8221;
Read Also: <a href="https://www.benzinga.com/news/25/06/45860365/goldman-sachs-stays-bullish-on-apple-despite-post-wwdc25-stock-dip-sees-25-upside">Goldman Sachs Stays Bullish On Apple Despite Post-WWDC25 Stock Dip, Sees 25% Upside</a>
The company detailed its path in new research, highlighting a breakthrough in error-correction codes that makes the architecture more efficient and viable. This leap is critical for developing practical quantum applications in fields like materials discovery, drug development, and complex optimization.
The roadmap includes several new processors leading up to Starling&#8217;s <a href="https://www.benzinga.com/pressreleases/25/06/n45855172/ibm-sets-the-course-to-build-worlds-first-large-scale-fault-tolerant-quantum-computer-at-new-ibm-q">2029 debut</a>. 
Price Action: According to <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, IBM stock was trading at $274.18, up 0.77% Tuesday morning. Today&#8217;s gains pushed the stock toward the top of its 52-week range of $166.81 to $277.47, reflecting investor optimism in IBM&#8217;s long-term technological strategy.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45859883/plug-power-stock-continues-to-surge-whats-going-on">Plug Power Stock Continues To Surge: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">How To Buy IBM Stock</h2>
By now you're likely curious about how to participate in the market for IBM &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of IBM, which is trading at $274.18 as of publishing time, $100 would buy you 0.36 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, IBM has a 52-week high of $277.00 and a 52-week low of $166.81.
Image: Shutterstock

IBM Stock Gains On Breakthrough Quantum Computing Roadmap

IBM Unveils Roadmap To Starling, A Large-Scale Fault-Tolerant Quantum Computer Set For Delivery By 2029, Promising 20,000x More Operations Than Today's Systems

Quantum computing startup PsiQuantum is seeking to raise at least $750 million in a funding round led by <a href="https://www.benzinga.com/personal-finance/25/04/44762412/the-economy-is-weakening-as-we-speak-blackrock-ceo-larry-fink-says-its-more-of-a-buying-opportunity-but-market-could-drop-another-20">BlackRock</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), aiming to double its valuation to $6 billion,<a href="https://www.bizjournals.com/sanfrancisco/news/2025/06/03/psiquantum-palo-alto-funding-valuation-boost.html"> San Francisco Business Times</a> reports.
The Palo Alto-based company is developing a fault-tolerant quantum computer using photonic qubits, leveraging traditional semiconductor manufacturing techniques. According to PsiQuantum&#8217;s<a href="https://www.psiquantum.com/about"> website</a>, the company&#8217;s approach involves using photons as qubits, allowing for scalability through existing chip fabrication processes.
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<h2 class="wp-block-heading">PsiQuantum Secured Global Expansion and Government Partnerships</h2>
<a href="https://www.benzinga.com/25/05/45486464/nvidias-quantum-pivot-chip-giant-reportedly-mulls-major-stake-in-psiquantum-amid-rising-global-interest">PsiQuantum</a> is collaborating with the governments of Australia and the U.S. to build quantum computing facilities in Brisbane and Chicago, respectively,<a href="https://www.reuters.com/technology/quantum-computing-startup-psiquantum-raising-least-750-million-6-billion-2025-03-24/"> Reuters</a> reports. According to the<a href="https://www.afr.com/technology/labor-s-bold-1b-bet-on-aussie-quantum-start-up-20240429-p5fnb7"> Australian Financial Review</a>, the company has secured $617 million in funding in Australia from federal and Queensland governments to construct a commercial quantum computer.
In the U.S., PsiQuantum plans to build a 300,000-square-foot facility in Chicago&#8217;s Illinois Quantum and Microelectronics Park, supported by more than $500 million in anticipated public funding,<a href="https://thequantuminsider.com/2025/03/25/sources-psiquantum-raising-750-million-to-push-photonic-quantum-computers-toward-commercial-reality/"> The Quantum Insider</a> says. The initiatives underscore PsiQuantum&#8217;s commitment to advancing quantum computing infrastructure globally.
<h2 class="wp-block-heading">Engineering the Future of Computing</h2>
PsiQuantum manufactures its quantum chips at GlobalFoundries&#8217; facility in New York, utilizing photonic technology developed for fiber-optic communications, Reuters reports.
Trending: Wall Street's Missing This AI Surgical Tech — You Don't Have To.<a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution"> Invest from $350.</a>
According to The Quantum Insider, the company has introduced the Omega quantum photonic chipset, designed for utility-scale quantum computing, featuring high-performance photonic components. Additionally, PsiQuantum has developed high-speed optical switches and improved photon detectors to enhance quantum circuit performance.
To boost efficiency, PsiQuantum implemented a compilation technique known as active volume compilation, aiming to reduce application run times by approximately 50-fold, The Quantum Insider says.
<h2 class="wp-block-heading">Backed By Giants Like BlackRock, Microsoft, And Nvidia&#8217;s Quantum Reversal</h2>
BlackRock, which led PsiQuantum's previous $450 million round, is returning as lead investor, signaling sustained institutional confidence. According to San Francisco Business Times, other major backers include Microsoft's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) venture arm M12, Atomico, Founders Fund, Playground Global, Temasek Holdings, and FPV Ventures.
According to<a href="https://www.theinformation.com/articles/nvidia-talks-invest-quantum-startup-psiquantum"> The Information</a>, Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is in advanced discussions to invest in PsiQuantum, signaling a strategic shift in its quantum computing approach. This potential investment follows Nvidia CEO Jensen Huang&#8216;s announcement of a new quantum computing research lab in Boston, in collaboration with Harvard and MIT,<a href="https://www.reuters.com/business/nvidia-advanced-talks-invest-psiquantum-information-reports-2025-05-19/"> Reuters</a> reports.
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In January, Huang rocked the sector by suggesting quantum computers were at least 20 years from viability, sending quantum-related stocks tumbling. But just weeks later, during Nvidia's &#8220;Quantum Day&#8221; at its GTC conference in San Jose, California, Huang reversed course, admitting his earlier comments were off the mark, according to<a href="https://www.cnbc.com/2025/03/20/nvidia-ceo-huang-says-was-wrong-about-timeline-for-quantum-computing.html"> CNBC</a>.
That shift helped reignite interest in companies like PsiQuantum, which now stand to benefit from the renewed optimism and visibility. While competitors such as Google, IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Honeywell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), and Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) continue to push their own quantum architectures, PsiQuantum's photonic approach is seen by many as a promising alternative, San Francisco Business Times says.
PsiQuantum&#8217;s funding round reflects growing investor confidence in the company&#8217;s photonic quantum computing technology. The company&#8217;s innovative approach may position it as a key player in the race to develop practical quantum computing solutions.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

PsiQuantum Eyes $750M Raise As BlackRock Doubles Down On Light-Based Supercomputers Amid Nvidia's Quantum Reversal

<a href="https://www.benzinga.com/news/25/03/44518599/ibm-expands-cloud-storage-to-on-premises-with-ceph-as-a-service">IBM</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)<a href="https://newsroom.ibm.com/2025-06-02-ibm-unveils-watsonx-ai-labs-the-ultimate-accelerator-for-ai-builders,-startups-and-enterprises-in-new-york-city"> announced</a> Monday that it acquired Seek AI, a New York City-based <a href="https://www.benzinga.com/partner/emerging-markets/25/06/45767943/logicmarks-holistic-approach-leveraging-artificial-intelligence-and-saas-to-protect-agin">artificial intelligence</a> startup specializing in natural language data querying, as part of a larger push into agentic AI development.
The acquisition coincides with the launch of Watsonx AI Labs. According to IBM, Seek AI's software will become a foundational part of the lab's technological framework.
<h2 class="wp-block-heading">IBM Aims To Turn Manhattan Into A Global AI Nucleus</h2>
Founded in 2021 by former data scientist Sarah Nagy, Seek AI builds tools that allow users to interact with complex datasets using natural language prompts, automatically converting them into structured query language queries and generating insights,<a href="https://www.cryptopolitan.com/ibm-strengthens-ai-investment/"> </a><a href="https://techcrunch.com/2025/06/02/ibm-acquires-data-analysis-startup-seek-ai-opens-ai-accelerator-in-nyc/">TechCrunch</a> reports.
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IBM said in the statement that Seek AI's natural language platform will be integrated into its AI development ecosystem, enabling startups and partners to build applications with conversational data capabilities.
The newly launched Watsonx AI Labs is located in Manhattan's Flatiron District at One Madison, where IBM says it plans to build and test next-generation AI systems with engineers, researchers, and startups.
According to IBM, the lab will co-create enterprise-ready AI applications spanning cybersecurity, customer service, and open-source frameworks. The facility will also focus on domain-specific AI solutions and prioritize responsible governance, a rising concern among enterprise adopters.
New York City's growing role in AI development factored heavily into IBM's decision to base the lab there. According to<a href="https://www.technyc.org/nyc-tech-snapshot-2025"> Tech: NYC</a>, the city hosts over 2,000 AI startups and experienced a 25% increase in AI workforce growth from 2022 to 2023. Since 2019, AI startups in NYC have collectively raised $27 billion in funding.
IBM mentioned in the statement that it also plans to collaborate with local universities and research institutions to nurture future talent and expand its innovation footprint.
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<h2 class="wp-block-heading">Strategic Relocation And Investor Backing Strengthen IBM's AI Expansion</h2>
Seek AI had previously secured nearly $10 million in backing from investors such as Battery Ventures, Conviction Partners, and NJP Ventures, according to TechCrunch.
Once the acquisition is finalized, IBM says the startup will relocate its operations to One Madison, aligning itself physically and strategically with IBM's flagship Manhattan-based Watsonx AI Labs.
&#8220;By anchoring this mission in New York City, we are investing in a diverse, world‑class talent pool and a vibrant community whose innovations have long shaped the tech landscape,&#8221; Ritika Gunnar, IBM's general manager of data and AI, said in the statement.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">A $500M Venture Fund Backs IBM's Vision For Scalable AI Tools</h2>
IBM said that it will provide select startups inside the lab with mentorship, access to technical talent, and financial support through its $500 million Enterprise AI Venture Fund. These startups will be able to test, refine, and deploy AI applications built with tools like Seek AI's natural language platform. Companies successfully building enterprise-ready solutions may be eligible for long-term partnership and global amplification via IBM Ventures.
Julie Samuels, president and CEO of Tech: NYC, said in IBM&#8217;s statement that the move underscores New York's strength as an innovation hub and a magnet for enterprise AI development. She added that the initiative could be transformative for local communities and the broader tech economy.
With Seek AI's technology now in-house and the Watsonx AI Labs underway, IBM appears committed to shaping the future of enterprise AI from the epicenter of one of the world's most dynamic cities.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

IBM Acquires AI Startup Seek And Launches $500M-Backed Watsonx AI Labs In NYC To Tackle Data Innovation With Agentic Intelligence

Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $264.88, a high estimate of $300.00, and a low estimate of $170.00. Observing a 1.44% increase, the current average has risen from the previous average price target of $261.12. 
<img src="https://www.benzinga.com/files/images/story/2025/1749492014_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of IBM by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$290.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Matthew Swanson</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$285.00</td>
<td>$276.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$170.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Erik Woodring</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$233.00</td>
<td>$237.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Matthew Swanson</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$276.00</td>
<td>$276.00</td>
</tr>
<tr>
<td>Brent Thill</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$265.00</td>
<td>$270.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to IBM. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of IBM compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of IBM's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of IBM's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/IBM/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on IBM analyst ratings.</a>
<h2>Delving into IBM's Background</h2>
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.
<h3>IBM: Delving into Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: IBM's revenue growth over a period of 3M has been noteworthy. As of 31 March, 2025, the company achieved a revenue growth rate of approximately 0.55%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: IBM's net margin excels beyond industry benchmarks, reaching 7.26%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): IBM's ROE excels beyond industry benchmarks, reaching 3.89%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): IBM's ROA excels beyond industry benchmarks, reaching 0.75%. This signifies efficient management of assets and strong financial health.
Debt Management: IBM's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.49, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:33 AMJun 11, 2025	PUT	$260.00	Oct 17, 2025	112	800	800	394	203	TRADE	BEARISH
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