IBM Shares Dip 1% Amid Mixed Week of News

International Business Machines (IBM) shares declined by 1% on Thursday. The stock traded as low as $228.44 and last traded at $233.52, with approximately 4,237,961 shares changing hands during mid-day trading, a decline of 48% from the average daily volume.

The company's recent FedRAMP authorization expands IBM's government opportunity, allowing U.S. federal agencies to use its cloud-based asset-management tools for mission-critical infrastructure and equipment. This approval could support new public-sector bookings and strengthen IBM's position in regulated cloud markets.

IBM CEO Arvind Krishna predicts that quantum computing will begin making a meaningful contribution to revenue and profit around 2028 or 2029, reinforcing the company's growth narrative although the financial impact is still several years away.