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Anders Bylund, The Motley Fool. July 25, 2024 at 4:41 PM. IT veteran International Business Machines (NYSE: IBM) reported second-quarter results on Tuesday evening. Big Blue knocked this quarter ...
After years of being range-bound, IBM’s stock has broken out, rising about 24% over the past 12 months to an almost 10-year high. Click here for in-depth analysis of the latest stock market news ...
In an interview last year, IBM chief executive Arvind Krishna said he could see thousands of employees in “back-office” roles like human resources replaced by AI.
IBM shares rose to a peak of $196.89, their highest since June 2013, adding about $20 billion to the company's market capitalization. The stock is now up nearly 11% and on track for its biggest ...
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Today, IBM is focused primarily on the twin technologies of AI and cloud computing. Both of these areas are massive markets worth $184 billion and $676 billion, respectively, in 2024.
A reasonably priced stock. Despite the sluggish growth in the consulting segment, IBM now expects to generate more than $12 billion of free cash flow this year. With a market capitalization of ...
On Tuesday, the company said that it is exploring to make the IBM Granite model series available later this year for use across the Salesforce, Inc. (NYSE:CRM) Einstein 1 platform, with the aim to ...