Quantum Breakthrough Sends IBM Stock Soaring — Can the Rally Last?
IBM reported Q3 revenue of $16.3 billion, up 9% year-over-year, and raised its full-year outlook to over 5% revenue growth and about $14 billion free cash flow. Shares jumped 8.2% to a three-year high after quantum computing news, despite concerns over slowing Red Hat cloud growth. Analyst targets diverged following earnings. IBM stock is up roughly 40% in 2025.