Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Stocks

IBM Stock Drops 4.38% After Anderon Secures CHIPS Act Funding

Guavy AI Editorial Team
Instruments
IBM
Share

IBM's stock price dropped by 4.38% on September 16, 2026, closing at $237.49 on the NYSE.

This decline outpaced the Dow Jones Industrial Average, which fell about 1.21%, due to news that IBM's chip unit Anderon secured a major CHIPS Act funding agreement with the U.S. government for a USD 1 billion award to accelerate research and development for a U.S.-based pure-play quantum foundry.

The announcement sparked market reaction, with investors weighing the implications of the funding on IBM's exposure to quantum and advanced semiconductor development.

More on Stocks

Stocks 2m ago

Microsoft AI CEO Warns of Disastrous Consequences from Conscious AI Development

Stocks 3m ago

Microsoft Publishes Strict Rulebook for In-House AI Models

Stocks 3m ago

Microsoft AI Chief Warns Humanlike Claude Trained on Consciousness Raises Red Flags

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy