AI 還沒搶走 IBM 的生意，倒是先搶走了客戶買 IBM 的預算 IBM shares plunge 24% to $220 in premarket trading as a massive, industry-wide shift in hardware capital expenditure (capex) weighs on the company’s Q2 earnings. 。IBM攜手商務部建量子晶圓廠，量子概念股飆漲 The U.S. government awarded IBM a $1 billion grant from the CHIPS and Science Act to establish Anderon, a purpose-built quantum wafer foundry in Albany, New York. The funding aims to bolster domestic supply chains and manufacturing for quantum computing, with the government taking a minority equity stake in the company

 

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IBM 股價重挫 23%，盤中一度跌掉 26%，市值單日蒸發超過 600 億美元，直逼 1987 年黑色星期一創下的 23.7% 單日跌幅紀錄，這家 115 年歷史的公司，快四十年沒這麼慘過。

導火線是 IBM 提前一週公布的初步第二季財報，營收 172 億美元，年增只剩 1%，低於市場預期的 178.6 億美元；調整後每股盈餘 2.93 美元，也沒達到分析師預估的 3.01 美元。三大業務裡軟體成長 5%、顧問服務成長 1%，基礎設施部門衰退 7%，Z 系列大型主機賣得比預期差。

執行長克里希納（Arvind Krishna）罕見發出致投資人公開信，把主因指向 AI 建設潮的排擠效應。他說 6 月最後幾週，客戶突然把整季的資本支出轉去搶購伺服器、儲存設備和記憶體，趕在漲價前先鎖定供應吃緊的 AI 基礎設施，「我們預期供應鏈會帶來一些影響，但沒料到資本支出重新排序的規模這麼大」。他也承認執行失守，「這種環境要求團隊完美執行，而這一季我們跌了一跤」，多筆大型合約沒能照預期時程簽下，「這些不是藉口，但它們是現實」。

接受 CNBC 訪問時，Krishna 還點名 Anthropic 的 AI 資安模型 Mythos，說客戶因為它暫停簽新的資安合約，「Mythos 讓大家停下來想，等等，我到底需要在資安上花多少錢？想清楚之前，新合約先擱著」。不過他強調，完全沒看到 IBM 的軟體被 AI 顛覆。

錢沒有消失，只是改道了，企業 IT 預算正被 AI 資料中心重新分配，記憶體與伺服器供應商美光、SK 海力士接住了這筆錢，付出代價的是 IBM 這種傳統軟體與服務巨頭。完整財報 7 月 22 日公布，屆時就知道這一跤是單季失足，還是排擠效應的開端。

AI 還沒搶走 IBM 的生意，倒是先搶走了客戶買 IBM 的預算。

JUST IN: IBM shares plunge 24% to $220 in premarket trading as a massive, industry-wide shift in hardware capital expenditure (capex) weighs on the company’s Q2 earnings. 

IBM reported revenue of $17.2 billion for the second quarter, falling short of the $17.86 billion analyst consensus. 

While total revenue ticked up 1% year-over-year (YoY)—buoyed by a 5% gain in Software and flat Consulting revenue—its Infrastructure division dragged on performance, plunging 7%. 

The primary culprit behind the revenue miss was an unexpected, aggressive reprioritization of enterprise IT budgets toward hardware infrastructure. 

IBM noted that in the final weeks of June, clients abruptly redirected their quarterly capex away from traditional software and mainframe cycles to pile cash into servers, storage, and memory. 

The stock is now on track for its worst month since October 2018 and is nearing its 2026 low of $212.34. 

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鏈新聞 

IBM攜手商務部建量子晶圓廠，量子概念股飆漲

美國商務部於 5 月 21 日宣布，已與 IBM、格羅方德（GlobalFoundries）等 9 家量子計算業者簽署意向書，計畫依據 2022 年《晶片與科學法案》（CHIPS and Science Act）發放總額達 20.13 億美元的補助，藉此鞏固美國在次世代科技領域的領導地位。

作為交換，美國政府將取得各受資助企業的少數非控制性股權，顯示川普（Donald Trump）政府重塑晶片法案、強調財政投資回報的策略。IBM 週四盤中股價狂飆 12%，創下一年多來最大單日漲幅，其餘量子計算概念股亦全面暴漲。

閱讀全文：

https://abmedia.io/ibm-anderon-quantum-firms

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AI Overview

The U.S. government awarded IBM a $1 billion grant from the CHIPS and Science Act to establish Anderon, a purpose-built quantum wafer foundry in Albany, New York. The funding aims to bolster domestic supply chains and manufacturing for quantum computing, with the government taking a minority equity stake in the company. [1, 2, 3, 4]

Breakdown of the Initiative

• Award Amount: $1 billion (part of a broader $2 billion federal push across nine quantum-computing firms).
• Project Name: Anderon (a new standalone quantum wafer foundry).
• Location: Albany, New York.
• Primary Goal: Accelerating the manufacturing of advanced quantum processors, scaling domestic hardware production, and securing global leadership in advanced computing. [1, 2, 3]

Broader CHIPS Act Quantum Funding

IBM was the largest beneficiary in a broader Commerce Department package. Smaller quantum-computing firms also received grants, including GlobalFoundries ($375 million), along with D-Wave Quantum, Rigetti Computing, and Infleqtion (about $100 million each). As a condition of these awards, the U.S. government takes non-controlling equity stakes in the companies to ensure taxpayers benefit from industry growth. [1, 2, 3]

For further details on the grant and how it shapes domestic tech infrastructure, check out the official U.S. Department of Commerce announcements or read the WSJ Reporting on the Department of Commerce deals. [1]