The investment will go toward R&D, capital expenditures, scaling manufacturing capabilities and acquisitions, the company known for building the Watson supercomputer said.

May 28 : IBM will invest more than $10 billion over the next five years in an effort to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an SEC…

IBM stock climbed as the tech giant pledged to invest more than $10 billion in its quantum computing efforts over the next five years.