National Pension Service Raises Stake in International Business Machines Corporation $IBM

National Pension Service increased its stake in International Business Machines Corporation (IBM) by 2.8% during the second quarter, bringing its total ownership to 2.35 million shares valued at $660.8 million. This comes as IBM's subsidiary, Anderon, secured a $1 billion CHIPS Act award for a quantum wafer foundry, enhancing IBM's long-term quantum computing strategy. Despite this strategic gain, IBM's recent earnings matched expectations but revenue fell short, leading to some profit-taking an