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IBM Stock Falls
IBM Stock Falls. Why Analysts Are Still Bullish.
IBM’s mixed results, disclosed Wednesday evening, sent the stock sharply down, but analysts continue to recommend the shares.Hopes have been high that artificial intelligence will boost IBM’s profit and share price but its quarterly earnings report showed revenue was slightly lower than expected,
Why IBM Stock Is Falling Today
Even with today's pullback, IBM stock is up roughly 33% across 2024's trading and roughly 59% over the last year. The big gains appear to have primarily been driven by excitement surrounding the company's opportunities in artificial intelligence ( AI ).
IBM Stock Falls After Revenue Misses Wall Street Forecasts
International Business Machines (
IBM
) stock fell, after quarterly revenue undershot consensus estimates. While sales rose from a year earlier, boosted by high demand for
artificial
intelligence
-related offerings, consulting revenue was flat and sales ...
1d
on MSN
IBM says AI business is rapidly growing, but that’s not enough to help the stock
IBM’s stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure ...
1d
IBM revenue misses, but execs say AI will drive future growth
The revenue miss sent IBM shares down over 3% in extended hours trading. Executives put a positive face on the numbers, ...
3d
IBM releases new AI models for businesses as genAI competition heats up
IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to ...
3d
IBM's Triangle team leads AI innovation
Research Triangle Park team leads next-generation AI model development. IBM's Red Hat acquisition catalyzed open-source AI ...
InfoWorld
3d
IBM works to address the developer skills gap with AI
The watsonx Code Assistant uses the newly announced Granite 3.0 models to provide general-purpose coding assistance across ...
4d
IBM releases new Granite foundation models under ‘permissive’ Apache license
The company is also unveiling a new generation of its watsonx Code Assistant for application development and modernization.
17h
Red Hat revenue has doubled since IBM buyout
Red Hat, the open source software firm IBM bought out in 2019 for $34 billion, has nearly doubled its revenue since being ...
3d
on MSN
AI for business: IBM unveils new open source AI ‘Granite 3.0’ models for business
IBM is rolling out new AI models, which it claims outperforms other popular large language models (LLMs).View on euronews ...
Impacts
3d
IBM Unveils New AI Models For Businesses
IBM on Monday released the latest version of its artificial intelligence models catered towards businesses, looking to ...
14h
What do Tesla and IBM earnings signal about Big Tech next week?
IBM (IBM) shares are under pressure after releasing mixed third quarter results showing artificial intelligence (AI) and ...
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