Why IBM Stock Popped Today

Quantum computing is a hot area of the tech field these days, and thanks to that, International Business Machines (NYSE: IBM) stock was popular on Thursday.A convincing demonstration of its prowess in this technology wowed investors, who collectively pushed the company's share price up by over 5% that day. Speaking of convincing, that performance crushed the S&P 500 (SNPINDEX: ^GSPC); this slid by 0.5%.The demonstrator was global bank HSBC. Before market open, the company announced it successfully ran a trial of algorithmic bond trading analysis, using a combination of traditional and quantum computing resources. IBM team members handled the technical aspects of the test. Continue reading