IBM Stock Gains as Company Expands Research Collaborations in India
IBM's stock saw a modest gain in after-hours trading on October 5, 2026, closing at EUR 198.21, a 0.24% increase from the prior close of EUR 197.73 at Lang & Schwarz. The rise came as the company announced expanded research collaborations in India, further strengthening its ties with leading institutions.
The collaborations involve the Indian Institute of Technology Bombay (IIT Bombay) and the Indian Institute of Science (IISc). Since 2018, IBM has been working with IIT Bombay on projects such as Indic language-model adaptation, multimodal AI, and AI infrastructure. With IISc, which began in 2021, the focus has been on agentic systems, AI applications, and quantum-computing algorithm development.
IBM also plans to develop lightweight time-series foundation models based on its Granite model family, aiming to improve energy analytics through forecasting, anomaly detection, and optimization. The expanded work is intended to support interdisciplinary research and provide opportunities for students and researchers, as reported by The Indian Express.
The stock's performance was tracked continuously until 11:00 p.m. CEST, with the Lang & Schwarz quote reflecting the after-hours trading activity.