IBM Missed the Bus on AI. New Federal Funding Means IBM Stock Could Be a Winner in Quantum Computing.

International Business Machines (IBM), more commonly known as IBM, is not hogging any significant spotlight in the current era of artificial intelligence (AI). Unsurprisingly, while shares of Nvidia (NVDA), Broadcom (AVGO), Advanced Micro Devices (AMD), and others have rallied like there's no tomorrow, IBM stock has traded as a laggard. Shares of IBM are up just 0.5% on a year-to-date (YTD) basis and about 14% over the past 52 weeks.

However, while IBM may have missed the bus in terms of AI, it surely doesn't want to miss the next big thing. To that end, one recent development just boosted the company's prospects in the quantum computing space.