IBM Rises 3% After Unveiling Sub-1-Nanometer Chip Technology
Updated
Updated · CNBC · Jun 25
IBM Rises 3% After Unveiling Sub-1-Nanometer Chip Technology
3 articles · Updated · CNBC · Jun 25
Summary
IBM shares gained 3% in premarket trading after the company unveiled what it said is the first technology capable of making chips smaller than one nanometer.
The company said the breakthrough would deliver a substantial jump in computing power for generative AI and cloud infrastructure, giving investors a fresh semiconductor growth angle.
The move came amid a broader chip rally: Micron surged 18.5% after quarterly earnings and revenue beat forecasts, while Qualcomm jumped 11% on a sharply higher 2029 non-handset revenue target.
Memory-linked names also advanced, with Sandisk up 15.6%, Western Digital up 13% and Lam Research adding 6%, underscoring strong risk appetite across semiconductor stocks.