IBM (IBM) closed the most recent trading day at $204.11, moving +1.41% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.16%. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.3%.The technology and consulting company's shares have seen an increase of 7.75% over the last month, surpassing the Computer and Technology sector's gain of 1.63% and the S&P 500's gain of 3.64%.Investors will be eagerly watching ...

Strengthened partnership with IBM paves the way for more customers to benefit from next-gen SOC Innovation and AI-powered security solutionsSANTA CLARA, Calif., Sept. 4, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced that it has completed the acquisition of IBM's QRadar Software as a Service (SaaS) assets. This transaction underscores Palo Alto Networks and IBM's commitment to secure customers with best-in-class threat prevention, addressing ever-exp ...

IBM is quadrupling the AI horsepower in its new mainframe chip, and its launching an AI add-on card for customers who need more power.While International Business Machines (IBM -0.14%) now derives most of its revenue from software and consulting, the decades-old mainframe business is still an important part of the century-old tech giant. Industries like banking and insurance still depend on the hulking systems, known for their extreme reliability.IBM tends to launch a new generation of mainframe system ever ...

JHVEPhoto International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. We have started covering the firm back in December 2022 with an initial "hold" rating, claiming that the valuation based on a dividend discount model showed limited upside potential. Later, in May 2023, we have reiterated this neutral view, arguing that the firm's profitability and ...

IBM has unveiled an upgraded computer chip that could give its customers an AI boost, potentially reshaping how some industries handle data-intensive tasks.For big businesses still relying on IBM’s powerhouse mainframe systems, the Telum II processor could mean smarter, faster operations in an increasingly AI-driven world. Banks might spot fraud more quickly, insurers could process claims more accurately, and retailers may offer more personalized shopping experiences. The AI chip market is booming, with dem ...

Per a Bloomberg release, International Business Machines Corporation (IBM) has recently decided to completely shut down its research and development (R&D) operations in China. This decision followed geopolitical tensions between the United States and China, affecting more than 1,000 IBM employees.A Strategic Shift for IBM?The closure, a part of IBM’s strategy to better serve its global clients, reflects the decreasing significance of the Chinese market for U.S. tech firms, as local clients increasingly favo ...

International Business Machines Corporation (IBM) has unveiled the architecture of the upcoming IBM Telum II Processor and IBM Spyre at Hot Chips 2024. Designed to enhance processing capacity in next-generation IBM Z mainframe systems, these technologies will accelerate the use of traditional and large language AI models through an innovative ensemble artificial intelligence (AI) method.This advancement addresses the growing need for power-efficient, secure and scalable solutions as generative AI projects w ...

For Immediate ReleaseChicago, IL – August 27, 2024 – Today, Zacks Equity Research discusses, IBM (IBM) , Hewlett Packard Enterprise (HPE) and Agilysys (AGYS) .Industry: Tech SolutionsLink: https://www.zacks.com/commentary/2327100/3-stocks-to-watch-from-a-challenging-technology-solutions-industryPlayers in the Zacks Computer – Integrated Systems industry are grappling with persistent supply-chain bottlenecks. a challenging macroeconomic climate characterized by rising inflation and higher interest rates, soa ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: US computer giant IBM will close its research and development arm in China. US computer giant IBM confirmed Monday it would close its research and development arm in China. Multiple employees told AFP they had been informed during a brief meeting with US executives on Monday that the company would gut its research and developm ...

KEY TAKEAWAYSIBM reportedly is closing its China research and development (R&D) department and moving those functions overseas.The Wall Street Journal said IBM executive Jack Hergenrother informed employees of the move in a virtual meeting Monday. In a statement to Investopedia, an IBM spokesperson said, “IBM adapts its operations as needed to best serve our clients." IBM (IBM) reportedly is closing its China research and development (R&D) department and moving those functions overseas.The Wall Street Journ ...