STOCKS | IBM Unveils Sub-1-Nanometer Chip Technology, Shares Down 12% YTD

IBM unveiled sub-1-nanometer chip technology that it said can fit nearly 100 billion transistors on a fingernail-sized chip. According to NS3.AI, IBM shares are down 12% YTD, and the company estimates production of the chips in as early as five years. IBM did not provide additional details on commercialization beyond its estimate for potential production timing.