Empowered Funds Invests $38.34 Million in IBM Amid Growing Interest in Quantum Computing

Empowered Funds LLC made significant investments in International Business Machines Corporation (NYSE:IBM) during the second quarter, purchasing 136,324 shares valued at approximately $38.34 million. This investment is part of a broader trend where institutional investors and hedge funds are increasing their stakes in IBM.

The company's technology offerings, including hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure, and technology consulting, continue to attract significant attention from investors.

IBM recently announced the opening of its mainframes to Arm architecture, a move seen as a shift in the market. The company also partnered with Lockheed Martin to establish a quantum innovation hub at ETH Zurich, supported by Switzerland's defense-procurement offset program.