Core Insights - Chuck Jones has extensive experience in equity analysis and investment management, with a career spanning over 28 years in various roles, including as a Wealth Strategist at Northern Trust [1] - He has a strong focus on technology, life sciences, and venture capital, leveraging his network to meet the financial goals of clients [1] - Jones has consistently outperformed industry benchmarks for six consecutive years through extensive financial modeling and engagement with C-level management [1] Group 1 - Jones developed a go-to-market strategy for Investment Management and Trust Services targeting Technology Executives and Private Equity Partners at Northern Trust [1] - He was instrumental in determining technology holdings at Atlantic Trust Private Wealth Management, focusing on hardware, software, services, and Internet companies [1] - His analytical work includes significant reports on Internet Security Software and deferred revenue, showcasing his expertise in the technology sector [1] Group 2 - Prior to his analytical roles, Jones spent 16 years at IBM in various sales and manufacturing positions, achieving multiple sales awards and recognition [1] - His early career involved interfacing between manufacturing and sales to project demand for storage systems, highlighting his operational expertise [1] - Jones holds a B.S. in Industrial Engineering from Stanford University and a Postgraduate Diploma in Economics from the University of Sussex, indicating a strong educational background [1]

Core Viewpoint - IBM is expected to report higher revenues in its Software segment for Q1 2025, driven by product innovation and strong AI traction across various sectors [1]. Factors at Play - IBM's Software segment focuses on enhancing enterprise productivity through four key areas: Transaction Processing, Automation, Data and AI, and Hybrid Cloud Platform (Red Hat) [2]. - The acquisition of HashiCorp Inc. for an enterprise value of $6.4 billion has created synergies in strategic growth areas, improving cloud infrastructure management and hybrid cloud security [3]. - Strategic partnerships, such as with Telefonica for cybersecurity solutions and L'Oreal for generative AI technology, are expected to positively impact IBM's performance [4]. - IBM's collaboration with Mitsubishi Motors and Lenovo to develop tailored AI solutions is likely to support revenue growth in the Software segment [5]. - An extended collaboration with NVIDIA aims to scale AI workloads and introduce new capabilities, potentially generating incremental revenues [6]. Overall Expectations - The Zacks Consensus Estimate for revenues from the Software segment is $6.27 billion, while IBM's model projects $5.97 billion [7]. - Total revenue for the March quarter is estimated at $14.45 billion, a slight decline from $14.46 billion in the prior year, with adjusted earnings per share expected to decrease from $1.68 to $1.42 [8]. - The earnings prediction model indicates that IBM is not expected to beat earnings estimates for the first quarter, with an Earnings ESP of -1.68% [9][10].

Core Viewpoint - IBM is expected to report lower revenues in its Consulting segment due to macroeconomic uncertainties, but product innovation and deal wins may provide some support [1][6]. Factors at Play - IBM's Consulting segment offers strategy, technology, and intelligent operations services, leveraging hybrid cloud and AI technologies from IBM Software and strategic partners like AWS, Microsoft, Oracle, and SAP [2]. - The collaboration with Juniper Networks aims to enhance productivity in enterprise workflows by integrating IBM's watsonx platform with Juniper's Mist AI, improving IT network management and user experiences [3]. - IBM Consulting launched new AI Integration Services to transform end-to-end processes using agentic AI, focusing on building applications with persona-based user experiences and real-time data integration [4]. - The deployment of IBM's services by UAE's e& for a Generative AI governance solution highlights the increasing customer base and its potential positive impact on upcoming results [5]. Overall Expectations - The Zacks Consensus Estimate for revenues from the Consulting segment is $5.1 billion, while the model projects revenues of $5.17 billion [7]. - Total revenues for the March quarter are estimated at $14.45 billion, a slight decline from $14.46 billion in the prior-year quarter, with adjusted earnings per share expected to decrease from $1.68 to $1.42 [8]. Earnings Whispers - The model does not predict an earnings beat for IBM in the first quarter, with an Earnings ESP of -1.68% [9].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 来自 digitimes ，谢谢。 IBM-Rapidus 联盟的目标是 2027 年实现 2nm 量产 IBM 与 Rapidus 的合作是一项长期战略举措，旨在实现 2nm 芯片生产。自 2023 年以来，IBM 一直在帮助这家日本初创公司开发所需的生态系统，以便在 2027 年开始实现商业规模生产。 IBM 高级副总裁兼研究总监 Dario Gil 向DIGITIMES表示，Rapidus 有望在 2027 年达到包括晶 体管密度在内的全球基准。他强调，IBM 致力于帮助 Rapidus 在那一年建立技术和商业竞争力。 IBM 还 支 持 人 才 发 展 ， 与 Rapidus 合 作 ， 为 先 进 芯 片 制 造 打 造 一 支 技 术 精 湛 的 员 工 队 伍 。 Rapidus 位于北海道千岁的试点工厂于 2025 年 4 月 1 日开始运营，目前正在进行设备安装和系 统测试。 据阿斯达克报道，日本经济产业省（METI）已承诺为Rapidus项目提供高达8025亿日元（约合 57.1亿美元）的新补贴。这使得政府拨款总额达到1.7225万亿日 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 克里希纳在接受《日经亚洲》采访时警告称，不应依赖单一国家或供应商，尤其是在地缘政治紧张 局势不断升级的背景下。他认为，在市场仍然高度集中于少数几家制造商的背景下，Rapidus 是一 个至关重要的替代方案。 IBM-Rapidus 联盟的目标是 2027 年实现 2nm 量产 IBM 与 Rapidus 的合作是一项长期战略举措，旨在实现 2nm 芯片生产。自 2023 年以来，IBM 一直在帮助这家日本初创公司开发所需的生态系统，以便在 2027 年开始实现商业规模生产。 IBM 高级副总裁兼研究总监 Dario Gil 向DIGITIMES表示，Rapidus 有望在 2027 年达到包括晶 体管密度在内的全球基准。他强调，IBM 致力于帮助 Rapidus 在那一年建立技术和商业竞争力。 IBM 还 支 持 人 才 发 展 ， 与 Rapidus 合 作 ， 为 先 进 芯 片 制 造 打 造 一 支 技 术 精 湛 的 员 工 队 伍 。 Rapidus 位于北海道千岁的试点工厂于 2025 年 4 月 1 日开始运营，目前正在进行设备安装和系 统测试。 据阿 ...

Core Viewpoint - IBM is set to report its first-quarter 2025 earnings on April 23, with sales and earnings estimates at $14.45 billion and $1.42 per share, respectively. However, earnings estimates for 2025 and 2026 have seen slight declines over the past 60 days [1][2]. Earnings Estimates - The earnings estimate for Q1 2025 is currently $1.42, down from $1.46 60 days ago, reflecting a trend of decreasing estimates [2]. - The earnings estimates for 2025 have decreased from $10.77 to $10.73, while 2026 estimates have dropped from $11.59 to $11.51 [1][2]. Earnings Surprise History - IBM has achieved an average earnings surprise of 6.1% over the last four quarters, with a surprise of 5.1% in the most recent quarter [3]. Earnings Whispers - The current Earnings ESP for IBM is -1.68%, and it holds a Zacks Rank of 3 (Hold), indicating a lower likelihood of an earnings beat for the upcoming quarter [4]. Factors Influencing Results - IBM has partnered with Walmart GoLocal to enhance operational workflows for retailers, integrating Walmart's capabilities into IBM's order management system [5]. - The collaboration with Juniper Networks aims to improve IT network management through the integration of IBM's watsonx platform with Juniper's Mist AI [6]. - IBM's partnership with NVIDIA focuses on scaling AI workloads and enhancing hybrid cloud infrastructure, which is expected to drive revenue growth [7]. Acquisitions - IBM completed the acquisition of HashiCorp Inc. for $6.4 billion, which is anticipated to strengthen its cloud capabilities and generate incremental revenues in the Software segment [8][9]. - The acquisition of Applications Software Technology LLC further enhances IBM's ability to assist clients with Oracle cloud solutions [11]. Competitive Landscape - Despite strong performance in hybrid cloud and AI, IBM faces significant competition from Amazon Web Services and Microsoft Azure, along with challenges from its traditional business and foreign exchange volatility [10]. Price Performance - Over the past year, IBM's stock has increased by 31.3%, outperforming the industry average decline of 16.2% and competitors like Microsoft and Oracle [11]. Valuation Metrics - IBM's shares are trading at a forward P/E ratio of 21.77, which is above the industry average of 15.89 and its historical mean of 13.47, indicating a premium valuation [13]. Investment Considerations - The company is expected to benefit from the growing demand for cloud-agnostic solutions and generative AI, which are driving growth in its Software and Consulting segments [14][18]. - Frequent acquisitions have raised integration risks and impacted the balance sheet, potentially straining margins and delaying product launches [15]. Long-term Growth Outlook - IBM anticipates growth driven by analytics, cloud computing, and security services, with a focus on improving operating leverage and investing in growth opportunities [18].

I'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden YARP Portfolio, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've been charting investments since the 1980s, and I spent decades an an investment advisor and fund manager before semi-retiring in 2020. Now, this investing group is my focus. The markets tells us a story…we just have to listen! I teach subscriber ...

Core Insights - The article emphasizes the effectiveness of investing in dividend growth stocks and reinvesting dividends as a strategy for long-term wealth growth [1]. Group 1: Investment Strategy - The individual investor has explored various investment styles over 25 years, concluding that dividend growth stocks are a reliable method for wealth accumulation [1]. - The investor operates a blog focused on S&P Dividend Aristocrats and other dividend growth stocks, indicating a commitment to sharing knowledge in this investment area [1].

Group 1 - The primary goal of the "High Income DIY Portfolios" Marketplace service is to provide high income with low risk and capital preservation for DIY investors [1] - The service offers seven portfolios designed for income investors, including retirees or near-retirees, featuring 3 buy-and-hold portfolios, 3 rotational portfolios, and a 3-bucket NPP model portfolio [1] - The portfolios include two high-income portfolios, two dividend growth investment (DGI) portfolios, and a conservative NPP strategy portfolio aimed at low drawdowns and high growth [1]

Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2][3] - It emphasizes the importance of conducting individual research before making investment decisions [2]