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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 ...
The Next Platform
2h
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 ...
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, ...
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.
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) ...
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.
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 ...
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 ...
InfoWorld
3d
IBM works to address the developer skills gap with AI
The watsonx Code Assistant uses the newly announced Granite 3.0 models to provide general-purpose coding assistance across ...
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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