BUZZ-Infleqtion, IBM rise after Trump call to set up quantum computer

Infleqtion, Inc.
IBM Corp

Infleqtion, Inc.

INFQ

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IBM Corp

IBM

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** Infleqtion INFQ.N and IBM IBM.N shares gain premarket after Trump signs orders calling for powerful quantum computer

** INFQ gains 2.3% to $3.1, while IBM adds 3.5% to $230.98 vs broad pullback in tech stocks, with NAsdaq 100 futures down 2.8% .N

** Trump orders seeks ⁠to protect government computers against quantum computer-fueled cyberattacks, Pentagon to deploy quantum sensors by 2028

** Separately, J.P.Morgan upgrades IBM to "overweight" from "neutral" and raises PT to $291 from $270,

** Cites greater confidence in firm's software business

** YTD, up to last close, IBM and INFQ are down about 15% and 9%, respectively


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