Shares of IBM (IBM) are up $7.44, or 3%, to $274.97 in pre-market trading after HSBC (HSBC) announced what it calls “the world’s first-known empirical evidence” of the potential value of current quantum computers for solving real-world problems in algorithmic bond trading working with a team from IBM.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBM:
- Diraq and Imec Achieve 99% Quantum Chip Accuracy, Paving Way for Scalable Systems
- HSBC Reports 34% Boost in Bond Trading Accuracy With IBM Quantum Tools
- IBM Explains Why AI Agents Have Delivered Underwhelming Results So Far
- White House Post-Quantum Security Orders Could Boost Cyber Stocks
- IBM Partners with BharatGen to Expand AI in India