Anne Czichos Timing is everything in markets. When we last covered International Business Machines Corporation (NYSE:IBM) we looked at the results and the valuation and felt that this was almost there at the right level for investors to exit and not look back. Specifically, we said: The only time when it was more expensive was…
BobHemphill Thesis There is a divergence of opinion on International Business Machines Corporation (NYSE:IBM) between Wall Street and Main Street. As seen in the chart below, Seeking Alpha analysts (which approximates Main Street’s view in my mind) are more bullish on IBM stock than Wall Street analysts. Seeking Alpha analysts have an overall BUY rating…
JHVEPhoto Investment Thesis IBM (NYSE:IBM) is set to announce their earnings report for the first quarter of this year, on Wednesday, April 24th, next week, after market hours. Big Blue reported a strong full-year FY23 earnings report in the previous quarter, which showed a re-acceleration in their core business segments, Software and Consulting aided by…
JHVEPhoto In 1997, a New York City chess match changed the world. The opponents: World chess champion Garry Kasparov and International Business Machines Corporation’s (NYSE:IBM) Deep Blue computer program. Deep Blue squeaked out a win against Kasparov as the world watched, symbolically ending the age of man and beginning the age of machine. IBM stock…
Ben Hider International Business Machines (NYSE:IBM) has gained around 15% since December 15, 2022, the date when my bullish thesis compared its incremental growth strategy with Microsoft (NASDAQ:MSFT) while also highlighting the strength of the consulting business. In the meantime, as charted below, the software giant’s stock has delivered three times more gains thanks to…
David Ramos IBM (NYSE:IBM) separated its managed infrastructure services business to become an independent company named Kyndryl (KD). After the separation, IBM’s core growth is driven by its Hybrid Platform & Solutions and Consulting businesses. I expect it can generate 4-5% revenue growth going forward. I initiate with a ‘Buy’ rating and a fair value…
IBM disclosed that the Alliance will support projects addressing benchmarks, evaluation standards, and the deployment of resources essential for the ethical use of AI systems on a global scale. International Business Machines (IBM), one of the leading technology companies in the world, and Facebook’s parent firm Meta Platforms Inc (NASDAQ: META) have announced the launch…
Ben Hider/Getty Images Entertainment I wrote a piece on the long and confusing history of International Business Machines (NYSE:IBM) moving up strongly when Wall Street is generally rolling over in price. For example, IBM reached multi-year highs in early 2020, right as the COVID-19 pandemic was starting to make headlines. This awkward and hard to…
The launch of the IBM Enterprise AI Venture Fund builds upon the growing momentum and widespread adoption of the company’s AI platform called watsonx. International Business Machines (IBM), one of the leading technology giants in the United States, has launched a $500 million venture fund to bolster artificial intelligence (AI) innovation. In an official announcement…
IBM’s Software unit delivered $6.27 billion in revenue registering an 8% surge in Q3 2023. The company has given an optimistic outlook for Q4 as well. On Wednesday, October 25, IBM Corp (NYSE: IBM) stock jumped by 1% as the technology firm announced its Q3 2023 results beating Wall Street estimates. IBM’s total revenue experienced…
International Business Machines Corporation (NYSE:IBM) Q3 2023 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Patricia Murphy – Vice President, Investor Relations Arvind Krishna – Chairman and Chief Executive Officer Jim Kavanaugh – Senior Vice President and Chief Financial Officer Conference Call Participants Amit Daryanani – Evercore Wamsi Mohan – Bank of…
HJBC Investment Thesis IBM (NYSE:IBM) has a rich history of being at the forefront of technological evolution in the past. Founded in 1911, IBM played a pioneering role in developing and popularizing the punched card system, which revolutionized data processing and computation during the early 20th century. During World War II, IBM’s tabulating machines were…
Just_Super Introduction The other day, I read an article about a broader adoption of artificial intelligence (“AI”). The Wall Street Journal reported that Amazon.com, Inc. (AMZN) is accelerating investments into its hardware, which includes the Kindle e-reader, the Echo smart speaker, and other products. Wall Street Journal One of the products is Alexa, powered by…
Start Time: 15:00 January 1, 0000 3:46 PM ET International Business Machines Corporation (NYSE:IBM) Bank of America Securities Global A.I. Conference 2023 September 12, 2023, 15:00 PM ET Company Participants Rob Thomas – SVP Software & Chief Commercial Officer Conference Call Participants Wamsi Mohan – Bank of America Operator Ladies and gentlemen, the program is…
IBM said that simplicity will play a crucial role in the initial adoption of Digital Euro, emphasizing that familiarity strengthens this process. As we know, the European Union has been working on its own central bank digital currency (CBDC) aka Digital Euro, and has been receiving consultations from global tech players. Tech giant IBM has…
IBM, a pioneer in the field of technology and AI, has been making strategic moves to align with the evolving landscape of artificial intelligence and its impact on the workforce. In a recent interview with CNBC’s “Squawk Box Asia”, IBM (NYSE: IBM) Chairman and CEO Arvind Krishna has revealed the potential impact of Artificial Intelligence…