IBM Stock Rises Despite 98th Ranking in Trading Volume

On June 2, 2025, IBM's trading volume reached $741 million, a 70.4% decrease from the previous day, ranking 98th in the day's stock market. IBM's stock price rose by 1.87%, marking the second consecutive day of gains, with a total increase of 2.01% over the past two days.

IBM has unveiled watsonx AI Labs, a developer-focused innovation hub located in New York City. This lab is designed to accelerate AI adoption and co-create agentic AI solutions with startups, scale-ups, and enterprises. The lab will leverage IBM's enterprise resources and expertise to help AI developers build applications for business. The lab is situated in Manhattan at IBM's new offices at One Madison, extending IBM's global network of engineering labs.

IBM has also announced the acquisition of Seek AI, a New York City-based startup that builds AI agents leveraging enterprise data. Seek AI will serve as a foundational part of watsonx AI Labs, contributing to the development of AI solutions. The acquisition is part of IBM's strategy to invest in New York City's innovation ecosystem, which includes over 2,000 AI startups and a growing AI workforce.

IBM's investment in watsonx AI Labs is expected to strengthen New York's position as a global hub for responsible and cutting-edge AI development. The lab will focus on co-creating domain-specific AI solutions to address complex enterprise challenges, including customer service, supply-chain optimization, cybersecurity, responsible AI governance, and open-source AI. The lab will also support local startups, universities, and research institutions, providing technical expertise, mentorship, and potential investment from IBM Ventures and its global $500M Enterprise AI Venture Fund.