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May 29, 2026 8:00 AM

What's Going On With IBM Stock Friday?

International Business Machines Corporation (NYSE:IBM) stock rose in Friday premarket trading as investors continued rotating into large-cap technology names.

Nasdaq futures are up 0.22% while S&P 500 futures have gained 0.19%. That supportive tape is giving IBM room to extend its recent rebound attempt after a choppy few months.

The stock also appeared to benefit from positive sentiment following strong results from Snowflake Inc. (NYSE:SNOW) and its new agentic AI partnership with Amazon.com, Inc. (NASDAQ:AMZN) Amazon Web Services, while broader market risk appetite improved amid optimism surrounding ongoing U.S.-Iran negotiations.

Other Key Updates

IBM recently launched Project Lightwell with Red Hat, a $5 billion initiative aimed at strengthening open-source software security through AI-powered vulnerability detection and a global team of more than 20,000 engineers.

The program is already being tested by major financial institutions, including Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM) and Visa Inc.