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International Business Machines Corporation (NYSE:IBM) is one of the 10 Stocks With Explosive Returns.

International Business Machines extended its winning streak to a third consecutive day on Friday, climbing 12.71 percent to close at $297.80 apiece, after unveiling plans to invest $15 billion in quantum computers and open source software for the AI era.

In separate disclosures, International Business Machines Corporation (NYSE:IBM) told the Securities and Exchange Commission that it plans to invest $10 billion in quantum computing over the next five years, in line with its plan to build the first large-scale fault-tolerant quantum computer by 2029.

Photo by Valeria Drozdova on Pexels

The total amount will be allocated for research and development, capital expenditures, ecosystem partnerships, manufacturing scaling, and mergers and acquisitions, among others.

To date, International Business Machines Corporation (NYSE:IBM) has successfully deployed over 90 quantum systems, including more quantum computers than reported by all other industry players combined.

The investment forms part of the company’s promise with the Department of Commerce last week for the development of an American quantum chip foundry (Anderon) to accelerate quantum innovation.

In other news, International Business Machines Corporation (NYSE:IBM) also joined forces with Red Hat for the launch of Project Lightwell—a $5 billion program which aims to establish a trusted enterprise clearinghouse combined with a global force of engineers to identify and fix vulnerabilities at scale.

The clearinghouse is said to serve as a security coordination layer, using advanced AI capabilities to validate and test fixes across an unprecedented volume of open source code.

While we acknowledge the risk and potential of IBM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IBM and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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