Core Viewpoint - An alleged IBM employee claims the company is in a "slow, painful death" due to outdated technology and corporate inertia, warning that "IBM is dying and we know it" [1][2]. Group 1: Company Strategy and Market Position - The employee argues that IBM "monetizes on confusion" and relies on legacy contracts, suggesting that the company sells complexity and then solutions for problems it created [1][3]. - IBM Cloud reportedly holds a small market share because clients are trapped by legacy systems rather than choosing IBM for its merits [3]. - The $34 billion acquisition of Red Hat is cited as an example of IBM's failure to innovate internally, with the employee stating the company opts to "acquire something decent and slap our logo on it" [3]. Group 2: Financial Practices and Client Dependence - The employee criticizes IBM's reliance on maintaining System Z mainframes and charging high fees for software and maintenance, claiming this traps companies in a cycle of dependence [3]. - Software licensing practices, including Enterprise License Agreements, are designed to extract maximum revenue and further lock clients into proprietary systems like DB2 and Websphere [3]. Group 3: Workforce and Innovation Concerns - Workforce morale is reportedly low due to cost-cutting measures like offshoring and replacing experienced employees with lower-wage workers, which the employee argues harms long-term productivity and profitability [3]. - The attempt to enter the AI market with watsonx is dismissed as a desperate move lacking genuine innovation, with the employee stating, "We are just riding off the coattails of Meta and other open-source models" [3]. Group 4: Market Performance and Stock Analysis - Despite the negative claims from the employee, IBM's stock closed at $220.84 per share on September 27, setting a new all-time high and showing a gain of 169.42% since 2004 [4]. - The stock market may react to the employee's rant in the following week as traders and investors digest the message [5].

In a report released on Thursday, August 26, Gordon Johnson of GLJ research reiterated his long-standing ‘Sell’ rating on Tesla (NASDAQ: TSLA), maintaining a low price target of just $24 set two months ago.Johnson has long been a proponent of the view that Tesla is massively overvalued and losing the R&D race, particularly considering the recent success of Google’s (NASDAQ: GOOGL) subsidiary Waymo.A longtime Tesla bear, Johnson has maintained a generally bearish outlook on the wider market for years — at pr ...

Despite Nvidia (NASDAQ: NVDA) taking center stage in the artificial intelligence (AI) and data center market, Advanced Micro Devices (NASDAQ: AMD) might still become a strong challenger, and a leading investor believes now is the time to take the opportunity and purchase its stocks.As it happens, 5-star investor Victor Dergunov has expressed his view that AMD might soon experience a massive turnaround, predicting substantial growth in the future, arguing that this was the right moment to “take the plunge” a ...

Insider trades provide investors with added context through which they can extrapolate conclusions about a stock’s near or medium-term outlook. To use a simple hypothetical example, rarely would any trader enter a long position on a stock that’s significantly up if the members of the board are dumping inordinate numbers of shares.On September 23, data retrieved by Finbold’s SEC-verified insider stock trades signals revealed Tesla (NASDAQ: TSLA) chief financial officer (CFO) Vaibhav Taneja sold $2 million in ...

Late on Wednesday, September 25, the fast food giant McDonald’s (NYSE: MCD) offered its investors a welcome surprise: a hefty dividend yield increase.To be precise, the restaurant chain increased its dividends by 6%, meaning its yield now stands at 2.35% instead of the previous 2.22%. The 48th annual increase in a row has sent the quarterly payments from $1.67 per share to $1.77 and the annual figure to $7.08, based on the September 25 closing price of $300.47. McDonald’s stock dividend history chart. Sourc ...

Since Mark Zuckerberg rebranded Facebook to Meta Platforms (NASDAQ: META) on October 28, 2021, the resulting company’s success has continued to demonstrate why this was such a good decision, including in terms of its earnings, as well as the price of its stocks.Specifically, since the rebrand announcement, META stock has increased its price from $323.57 to $577.45, or almost 79%, while the most remarkable growth occurred after the significant dip to the low of $90.79 in early November 2022, based on the mos ...

After experiencing a strong downtrend at the start of September and trading near $87 through much of the month, Micron (NASDAQ: MU) stock suddenly exploded in extended session trading between Wednesday, September 25, and Thursday, September 26.MU stock 5-day price chart with the extended session rally. Source: FinboldTo be precise, MU shares ended the last session 1.88% in the green at $95.77% but then rocketed more than 15% to Micron’s price today, at press time, of $110.36. The uptrend started in after-ho ...

Micron Technology (NASDAQ: MU) has seen solid performance in the last year. Although the stock is currently up 33.88% year-to-date (YTD), a full 20% of those gains occurred over the past five days — and September 25 alone accounts for 12% of the upswing.Backtracking provides a clearer picture of MU’s price action in 2024. The stock spent the vast majority of the time in the green since the beginning of the year, reaching an all-time high of $153.45 in July.The following months saw a significant price revers ...

The share price of electric vehicle manufacturer Tesla (NASDAQ: TSLA) is creating a buzz in the market amid anticipation of impressive Q3 2024 results, and now analysts are stepping in to offer their outlook on the equity.Specifically, Piper Sandler analyst Alexander Potter has raised his price target on Tesla from $300 to $310, citing a potential record-breaking third quarter for the electric vehicle giant.Potter supports this outlook by highlighting the company’s expected deliveries of 459,000 units for t ...

Following a prolonged period of insider trading for Nvidia (NASDAQ: NVDA) stock, during which its largest shareholders, led by CEO Jensen Huang, have offloaded millions in NVDA shares, it looks like the company’s top man is done with selling – at least for now.Indeed, it seems that the Nvidia CEO is no longer dumping his company’s stock for the time being, considering he has already fulfilled the plan to get rid of six million NVDA shares ahead of time, and the stock price has responded to this development ...