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IBM Stock Falls
IBM says AI business is rapidly growing, but that’s not enough to help the stock
International Business Machines Corp. says it’s seeing traction in artificial intelligence — but investors appear to be left wanting after the company’s latest earnings report, with shares down about 2.
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
6h
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.
The Next Platform
4h
IBM’s Red Hat Acquisition Will Pay For Itself By Early Next Year
Big Blue has reported its financial results for the third quarter of 2024, and the thing that stands out most is not the ...
2d
on MSN
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.
1d
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, ...
12h
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) ...
3d
on MSN
AI for business: IBM unveils new open source AI ‘Granite 3.0’ models for business
IBM is rolling out new AI models, which it claims outperforms other popular large language models (LLMs).View on euronews ...
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 ...
8h
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 ...
Network World
2d
IBM launches platform to protect data from AI and quantum risks
The SaaS-based Guardium Data Security Center provides unified controls for protecting data across distributed environments, ...
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