International Business Machines Corp. (NYSE:IBM) shares are trading lower during Thursday’s premarket session as traders lean cautious on mega-cap tech even with index futures pointing higher, down 0.22%.

Nasdaq futures are up 0.52% while S&P 500 futures have gained 0.37%, putting IBM’s dip more in the “stock-specific positioning” bucket than a broad risk-off tape.

IBM, Dallara Redefine Car Design With AI

Separately, IBM and Dallara Group on Thursday announced a partnership to develop AI-powered, physics-based models to accelerate vehicle design and explore quantum computing applications.

Early tests show aerodynamic simulations can drop from hours to seconds while maintaining accuracy, allowing engineers to evaluate more designs faster.

The collaboration also aims to integrate quantum and hybrid computing to enhance simulation fidelity. Initial findings were published on arXiv and presented at a major AI conference.

Earnings Snapshot

IBM recently reported quarterly earnings of $1.91 per share, topping analyst estimates of $1.81. Revenue came in at $15.92 billion, also ahead