IBM (IBM) closed at $221.08 in the latest trading session, marking a +0.11% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.42%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.38%.The technology and consulting company's stock has climbed by 9.26% in the past month, exceeding the Computer and Technology sector's gain of 1.78% and the S&P 500's gain of 2.06%.Investors will be eagerly watching for the performance o ...

International Business Machines Corporation (NYSE: IBM ) is one company of many on the great AI growth voyage. Unlike several of the others, however, I believe its current price reflects the lower end of possibilities andMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy thei ...

Core Viewpoint - An alleged IBM employee claims the company is in a "slow, painful death" due to outdated technology and corporate inertia, warning that "IBM is dying and we know it" [1][2].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].

International Business Machines Corporation (IBM) recently announced that it has successfully completed the expansion of its Quantum Data Centre in Poughkeepsie, NY, marking a significant milestone in the realm of quantum computing. The data center is currently operating the highest number of available utility-scale quantum computers that are part of the quantum systems offered to global clients via the IBM cloud.The expansion includes the second deployment of IBM’s state-of-the-art Quantum Heron processor, ...

Latest IBM Quantum system, powered by an IBM Quantum Heron processor, achieves reduced error rates at 16 times better performance, and 25-fold increase in speed over 2022 IBM Quantum systems.(1) IBM completes installation of second IBM Heron, its most performant quantum processor to date, now available to clients globally. Company announces all quantum systems in Poughkeepsie and globally can operate at utility-scale, beyond brute-force simulation capabilities of classical computers. POUGHKEEPSIE, N.Y., Sep ...

IBM (IBM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual investo ...

FORT LAUDERDALE, Fla., Sept. 23, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced the appointment of Richard Walker as Chief Technology Officer. In this role, Mr. Walker will launch and organize a variety of enterprise technology initiatives, including integrating artificial intelligence (“AI”)-powered tools within Zefiro’s current digital verification network ecosystem and carbon offset marketplace partner ...

New AI foundation model offers insights beyond forecasting for scientists, developers, and businesses to better understand and analyze weather and climate dataYORKTOWN HEIGHTS, N.Y., Sept. 23, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced a new AI foundation model for a variety of weather and climate use cases, available in open-source to the scientific, developer, and business communities. Developed by IBM and NASA, with contributions from Oak Ridge National Laboratory, the model offers a flexible, ...

New locations in Bucharest, Romania, Buffalo, New York, and Leicester, UK, aim to help clients explore opportunities in generative AI, hybrid cloud and other Microsoft technologies to transform their businessARMONK, N.Y., Sept. 19, 2024 /PRNewswire/ -- Today, IBM (NYSE: IBM) and Microsoft announced the official opening of three new IBM-Microsoft Experience Zones within IBM's Client Innovation Centers. These Experience Zones are designed to help global clients across industries, such as financial services, g ...

ARMONK, N.Y., Sept. 18, 2024 /PRNewswire/ -- New findings from IBM's (NYSE: IBM) Institute for Business Value and the Banking Industry Architecture Network (BIAN), with contributions from the SME Finance Forum managed by the International Finance Corporation (IFC), revealed that despite the significant role small to medium-sized enterprise (SME) plays in the global economy, banks may be missing an opportunity to foster growth in this market due to their focus on reducing risks, meeting regulatory requiremen ...