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IBM Stock Falls
IBM says AI business is rapidly growing, but that’s not enough to help the stock
IBM’s stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure revenue declined.
IBM Stock Falls on Mixed Results. The AI Bump Will Have to Wait.
IBM reported mixed quarterly results after markets closed on Wednesday. Its shares were falling in after-hours trading. For its third quarter, IBM reported adjusted earnings per share of $2.30 versus Wall Street’s consensus estimate of $2.
IBM Stock Falls After Revenue Misses Wall Street Forecasts
International Business Machines (IBM) stock fell, after quarterly revenue undershot consensus estimates. While sales rose from a year earlier, boosted by high demand for artificial intelligence-related offerings,
CRN
4h
IBM CEO: AI Business Grows $1 Billion With ‘Good Traction’ Since Last Quarter While Consulting Is Flat
IBM CEO Arvind Krishna said the last quarter saw Big Blue’s enterprise AI business “gain traction” growing $1 billion quarter ...
1d
IBM's AI Surge Amid Pension Hit
International Business Machines reported mixed earnings for Q3 2024, with strong Software growth offset by Infrastructure ...
3d
IBM Launches Granite 3.0 AI Models; Smaller, Faster, And 97% Cheaper
New models are far smaller, faster, and more accurate to enable AI transformation with IBM Consulting Advantage and WatsonX.
CIO Dive
3h
IBM leans into software as infrastructure revenue slides
IBM has grown out its software division in the five years since it acquired open-source solution provider Red Hat for $34 ...
2d
IBM Thinks Small to Win Enterprise AI
The tech giant's quick, cost-efficient AI models can be fine-tuned with enterprise data to produce impressive results.
21h
IBM: Q3, Strong Software Growth Offset By Temporary Weakness In Consulting
IBM's AI advancements and strong growth in software are key factors in projecting a fair value of $300 per share and a ...
6h
Red Hat revenue has doubled since IBM buyout
Red Hat, the open source software firm IBM bought out in 2019 for $34 billion, has nearly doubled its revenue since being ...
23h
IBM revenue misses, but execs say AI will drive future growth
The revenue miss sent IBM shares down over 3% in extended hours trading. Executives put a positive face on the numbers, ...
10h
IBM: Strong Software Growth and Strategic AI Positioning Drive Buy Rating
Analyst Wamsi Mohan from Bank of America Securities reiterated a Buy rating on International Business Machines (IBM – Research Report) ...
1d
IBM Granite 3.0: Practical Open-Source LLM For Enterprise Applications
IBM has made Granite models available under the Apache 2.0 license, which is a permissive open-source license. This means ...
3d
IBM Releases New AI Models for Businesses as GenAI Competition Heats Up
The new Granite models were trained using AI chip leader Nvidia's H100 graphics processor units (GPUs), said Dario Gil, IBM's ...
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