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Capital Advisors Boosts Stake in IBM Amid Quantum Computing Push

Guavy AI Editorial Team
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IBM
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Capital Advisors Inc. OK has increased its stake in International Business Machines Corporation (NYSE:IBM) by 46.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission.

The firm owned 363,488 shares of IBM's stock after buying an additional 114,709 shares during the period. The total value of Capital Advisors Inc. OK's holdings in IBM was $102,217,000 at the end of the second quarter.

IBM and Lockheed Martin have established a quantum innovation hub at ETH Zurich through Switzerland's defense-offset program.

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