Quantum Leap: Government CHIPS Award and $5B Open-Source AI Push Ignite IBM's 12.7% Surge

International Business Machines Corp. (NYSE: IBM) has shattered its quiet enterprise narrative, emerging as the focal point of a massive tech rally. Following a breathtaking late-May surge that saw shares jump as much as 12.7% in a single session to touch $301, IBM closed the final week of May at $297.80, posting a cumulative weekly gain of roughly 13%.