International Business Machines (IBM) shares are in the spotlight on Thursday after the company announced a definitive agreement to acquire HRL Laboratories. HRL is a premier research facility jointly owned by Boeing (BA) and General Motors (GM) and is expected to turbocharge IBM’s roadmap in fault-tolerant quantum computing and next-gen sensing.
The announcement arrives alongside IBM’s weaker-than-expected Q2 earnings, which forced the company’s management to lower its full-year guidance for revenue growth to about 5% tops.