Will IBM stock go up from here? That is what a lot of investors want to know right now, after IBM (NYSE: IBM) closed at $252.97 on May 21, up 12.48% in a single session and posting its biggest one-day jump in over a year. The Trump administration announced a $2 billion federal investment in quantum computing, and IBM landed $1 billion of that through a proposed CHIPS Act grant. The IBM stock forecast is moving upward at multiple brokerages, the IBM stock price target conversation is back on the table, and IBM quantum computing stock is also, right now, right at the center of the Quantum Computing Trump agenda around U.S. tech dominance.

IBM Stock Forecast After Quantum Deal And Massive Rally

The Deal That Moved IBM Stock

The U.S. Department of Commerce signed a Letter of Intent with IBM to fund Anderon, a new standalone company and also America’s first pure-play quantum chip foundry, headquartered in Albany, New York. The facility will run a 300-millimeter quantum wafer production line, starting with superconducting qubit technology, and the quantum industry overall could generate up to $850 billion in economic value by 2040. IBM also matches the government’s $1 billion with another $1 billion of its own cash, plus intellectual property, assets, and workforce, and the company plans to bring in additional outside investors as Anderon grows.

IBM Chairman and CEO Arvind Krishna had this to say:

“Our work in silicon wafer fabrication has been a key to IBM’s success and will be critical to enable a broader quantum technology landscape that will reshape global innovation and economic competitiveness. With the support of the U.S. Department of Commerce, Anderon will be well-positioned to fuel America’s fast-growing quantum technology industry.”

Also Read: MU Stock Is Up Today: Updated Price Target for 2027

What Officials Said About The Quantum Computing Trump Investment

Secretary of Commerce Howard Lutnick also stated:

“With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation. These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.”

Bill Frauenhofer, Executive Director of Semiconductor Investment and Innovation, commented on the initiative:

“Quantum computing has significant implications for national defense, advanced materials and biopharmaceutical discovery, financial modeling and energy systems.”

Is IBM Stock A Good Buy Now?

IBM’s Q1 results were also already looking solid before the quantum news landed. The company posted non-GAAP EPS of $1.91, beating the $1.81 consensus, and it grew revenue 9% year over year to $15.92 billion. The IBM Z mainframe segment alone jumped 51%, and IBM also raised its quarterly dividend to $1.69 per share, marking 31 consecutive years of dividend increases. At the time of writing, 10 of 22 covering brokerages rate IBM a Strong Buy, and the average brokerage recommendation improved compared to a month ago. The IBM stock forecast moving upward right now reflects all of this at once, the fundamentals, the Quantum Computing Trump investment, and a government partnership that now backs IBM quantum computing stock with real federal dollars.

Will IBM stock go up from the current $252.97? The IBM stock price target looks set for upward revisions in the coming sessions. The Anderon deal also still needs final agreements between IBM and the Commerce Department, so it is not a done deal just yet. That said, with strong earnings, a government-backed IBM quantum computing stock story, a 31-year dividend streak, and the IBM stock forecast pointing higher, there is a lot working in IBM’s favor right now. Will IBM stock go up even more and is it a good buy now? A lot of investors seem to think so, and the analyst community looks like it is starting to agree.