Infleqtion, IBM rise after Trump call to set up quantum computer

International Business Machines

23/06/2026 10:00

** Infleqtion INFQ.N and IBM IBM.N shares gain premarket after Trump signs orders calling for powerful quantum computer
** INFQ gains 2.3% to $3.1, while IBM adds 3.5% to $230.98 vs broad pullback in tech stocks, with NAsdaq 100 futures down 2.8% .N
** Trump orders seeks ⁠to protect government computers against quantum computer-fueled cyberattacks, Pentagon to deploy quantum sensors by 2028
** Separately, J.P.Morgan upgrades IBM to "overweight" from "neutral" and raises PT to $291 from $270,
** Cites greater confidence in firm's software business
** YTD, up to last close, IBM and INFQ are down about 15% and 9%, respectively

(Reporting by Sudeshna Ghoshal in Bengaluru)
((Sudeshna.Ghoshal@thomsonreuters.com;))