⚙️ IBM: Proving Quantum Advantage vs. Mixed Valuations - 2026.07.31

Hello, this is Dotori, here to paint the big picture of complex industries. Looking at IBM's recent moves, the gears of various technologies, from quantum computing to AI security, are meshing together quite interestingly.

🏭 Starting with the Big Picture: Quantum Advantage and AI Security

Structurally, IBM is currently accelerating the practical application of future technologies. They recently announced that, together with the University of Chicago, they have established trusted quantum computation on logical circuits, effectively proving quantum advantage ^[1]. This is significant because it marks a key technological advancement where quantum computing moves beyond a mere laboratory setting to gain practicality and precision.

Paradoxical opportunities are also emerging in the AI era. According to a recent IBM report, 62% of AI-driven cyberattacks are targeting critical infrastructure ^[2]. This means that as AI advances, demand for enterprise-grade security solutions to defend against it is surging, and this connection is key. An environment is being created where IBM’s security division, which sells the "shields," stands to receive structural benefits.

🔗 A Structural View: Institutional Moves and Undervalued Appeal

Taking a deeper look, the moves of major players are also notable. Bank of America has purchased 1,049,602 shares of IBM ^[3], and filings show that Encore Global Management has also bought 6,000 shares ^[4]. Institutional investors opening their wallets is quite an interesting signal, much like a reliable next runner taking the baton in a relay race.

Amidst this flow, analysis media outlets like 24/7 Wall St. have identified IBM as an undervalued Dow Jones stock relative to its current market capitalization, comparing it to Verizon ^[5]. It appears the market is re-evaluating the process of transforming from a traditional IT infrastructure company into an AI and quantum technology firm.

⚙️ Value Chain Benefits and Dotori's Perspective

As a result, Dotori believes that the benefits across the value chain in this trend will be divided as follows:

• 1st Priority: IBM's AI Security and Hybrid Cloud division (Immediate performance defense and cash cow)
• 2nd Priority: Quantum computing partnerships and research ecosystem (Securing mid-to-long-term technological leadership)
• 3rd Priority: Traditional mainframe infrastructure (The foundation connecting AI and quantum)

Ultimately, the core question is this: Can the institutional buying and the future vision of quantum computing overcome rising infrastructure costs and lead to consistent margin improvements? I will keep asking whether these technological gears will turn smoothly on the financial statements as well.

📰 Reference News (5)