International Business Machines Corporation (IBM) made news with its recent introduction of the Guardium Data Security Center, which accentuates the importance of data security with integrated AI and Quantum solutions. Meanwhile, IBM's Q3 2024 earnings call revealed significant software growth, which somewhat shielded weaker results in consulting. However, other reports indicated an overall mixed performance with the company's stock being downgraded and its share price falling after negative market expectations. Despite this, Jim Cramer praised IBM's CEO Arvind Krishna for his transformative leadership and suggested investors should consider buying more IBM stocks. On the innovation front, IBM released advanced Granite 3.0 AI models that could spur innovation in enterprise AI solutions. Additionally, IBM received authorization from Federal Risk and Authorization Management Program (FedRAMP) for its Envizi ESG data capture, analysis, and reporting solution, highlighting its commitment to data security and sustainability.
International Business Machines Corporation IBM News Analytics from Wed, 10 Apr 2024 07:00:00 GMT to Sat, 26 Oct 2024 14:34:45 GMT - Rating 3 - Innovation 7 - Information 6 - Rumor -2
