Tag IBM

The stock market doesn't quite know what to do with International Business Machines (NYSE: IBM). As of July 10, IBM stock is just a few percentage points off from where it traded five years ago. Notably, IBM poured $34 billion into the acquisition of Red Hat to boost its hybrid cloud business, and it spun off its slow-growing, low-margin managed infrastructure services business...

International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive said Tuesday. In an interview with Reuters at a semiconductor conference in San Francisco, Mukesh Khare, general manager of IBM Semiconductors, said the company is contemplating using a chip called the Artificial Intelligence Unit as part of its new "watsonx" cloud service. IBM is hoping to take advantage of the boom in generative AI technologies that can write human-like text more than a decade after Watson, its first major AI system, failed to gain market traction...

IBM (IBM) closed the most recent trading day at $134.44, moving +1.16% from the previous trading session...

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NORTHAMPTON, MA / ACCESSWIRE / July 11, 2023 / IBM To achieve a step-change in business performance, organizations are combining technology modernization and sustainability into their core business processes. To do this requires improving user .....

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Key Insights International Business Machines' estimated fair value is US$178 based on 2 Stage Free Cash Flow to Equity.....

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