Recent events on
International Business Machines Corporation's (NYSE: IBM) stock shows a mix of gains and losses. Even though institutional investors faced a 9.4% loss last week, Capital Advisors Inc. increased their stock holdings in IBM.
Third-quarter reports were released, making it a trending topic amongst investors. Despite a slump in trading, their
dividend announcement had a positive effect on their shares.
Jim Cramer praised IBM calling it a Beat-And-Raise machine under CEO Arvind Krishna, and commended the company’s transformation under his direction. Reports highlighted IBM as a top AI and IoT stock and expects it to outpace other technology stocks. IBM also revealed
Granite 3.0 AI models at the TechXchange event, demonstrating innovation in AI solutions for enterprises. However, the
shares have continually fluctuated, recording both highs and lows. There have also been several reports of sell-off by some institutional bodies, even so, the company maintains that
quantum computing potential makes it a worthy investment. IBM also recently launched
Guardium Data Security Center, integrating AI and quantum solutions.
International Business Machines Corporation IBM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 02 Nov 2024 12:27:00 GMT -
Rating 2
- Innovation 4
- Information 5
- Rumor 0
