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What's Going On With IBM Stock Wednesday?

International Business Machines Corporation (NYSE:IBM) shares are trading higher today. Yesterday, the company disclosed that two IBM-developed algorithms have been officially included in the first three post-quantum cryptography standards released today by the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST). The new post-quantum cryptography standards include three algorithms: ML-KEM (formerly CRYSTALS-Kyber), ML-DSA (formerly CRYSTALS-Dilithium), and SLH-DSA (initially SPHINCS+). IBM’s FN-DSA (formerly FALCON) is also set for future standardization. The publication of these algorithms is a key step in safeguarding encrypted data from potential future quantum computing threats. Jay Gambetta, Vice President, IBM Quantum, said, “IBM’s mission in quantum computing is two-fold: to bring useful quantum computing to the world and to make the world quantum-safe. We are excited about the incredible progress we have made with today’s quantum computers, ...