International Business Machines Corporation (NYSE:IBM) is juggling growth bets in quantum and AI—showcasing validated 70‑logical‑qubit runs and a CHIPS Act win—while slimming joint ventures with Accenture, landing a Google dev deal and Open Secure AI work, even as a post‑July 14 lawsuit probe examines its disclosures.
Previous Week Recap
- Lawsuit Probe On IBM: Lawsuit probe targets IBM over alleged misstatements about new deal momentum and IBM Z outlook after a 25% stock drop on July 14, 2026; investigation ongoing.
- IBM Wins CHIPS Grant Too: IBM won about $1 billion from a May CHIPS Act grant, part of a $2 billion pool to boost AI and high‑performance semiconductor work; program may include U.S. minority equity stakes
- IBM Sees Growth From Quantum: IBM says quantum computing will drive future growth as the company addresses profit pressures from weaker software and infrastructure and shifting customer spend toward AI hardware and memory.
- Accenture Buys IBM JV Stake: Accenture will buy IBM’s majority stake in a JV servicing UniCredit. IBM will keep supplying IBM Z, software and consulting for cloud, data and AI across 13 European markets; deal pending approvals.
- Quantum Run Achieves Milestones: IBM and University of Chicago ran a 70-logical-qubit encoded quantum run: 2,415 logical two-qubit ops, 468 logical T gates, ~15-minute runtime, verified results, logical error rates ~10x lower.
- IBM Wins Google Contract: IBM won a multi‑year full‑stack application development contract with Google, joining Accenture and Deloitte in a vendor pool to share development work.
- Lightwell Joins Nvidia Alliance: IBM and subsidiary Red Hat contributed Lightwell to Nvidia’s Open Secure AI Alliance. Lightwell offers digitally signed patches to secure open-source AI supply chains and validate code changes.
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