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IBM Stock Falls
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, saying the software business, which now constitutes 45% of overall revenue, grew 10% from a year earlier, to $6.5 billion, ahead of the $6.4 billion analysts had predicted.
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,
Why IBM Stock Is Falling Today
IBM serves up mixed Q3 results. IBM reported non-GAAP (adjusted) earnings per share of $2.30 on revenue of $14.97 billion in Q3. Meanwhile, the average analyst estimate had called
Hosted on MSN
5h
Should Investors Buy IBM Stock for its Quantum Potential?
International Business Machines Corporation — ($IBM) stock has surged in 2024, outpacing the rest of the market and beating ...
1d
on MSN
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 ...
3d
IBM's Triangle team leads AI innovation
Research Triangle Park team leads next-generation AI model development. IBM's Red Hat acquisition catalyzed open-source AI ...
CRN
4d
IBM AI Updates Include Granite 3.0, Watsonx Upgrades
IBM AI announcements at TechXchange 2024 include Watsonx upgrades, Granite 3.0 models unveiled, Consulting Advantage ...
4d
IBM releases new Granite foundation models under ‘permissive’ Apache license
The company is also unveiling a new generation of its watsonx Code Assistant for application development and modernization.
22h
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 ...
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 ...
InfoWorld
4d
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 ...
1d
IBM stock slips on disappointing consulting and infrastructure revenue
IBM’s critical software category performed well thanks to Red Hat’s gains, but consulting and infrastructure segments pulled ...
Impacts
4d
IBM Unveils New AI Models For Businesses
IBM on Monday released the latest version of its artificial intelligence models catered towards businesses, looking to ...
19h
What do Tesla and IBM earnings signal about Big Tech next week?
IBM (IBM) shares are under pressure after releasing mixed third quarter results showing artificial intelligence (AI) and ...
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