International Business Machines Corporation (IBM) has been generating significant interest in the market, marked by an increase in institutional investment. The company currently has a sizable institutional backing with a reported 62% to 63% of IBM shares owned by these institutional investors. Several wealth management firms have increased their stock positions in IBM. Verity & Verity, Integrated Investment Consultants, and HB Wealth Management, among others, have all significantly invested in IBM. Despite the minor fluctuations in the shares, a few analysts have given strong forecasts for IBM. UBS, for instance, increased IBM’s price target to $160.00. The company's recent partnership with TD SYNNEX has singled out IBM as a key player in driving AI adoption and partner success. Furthermore, IBM's acquisition plans for Application Software Technology has further demonstrated their commitment to expanding their Oracle expertise. The famed television production UFC has also partnered with IBM, planning to revolutionize fight analysis with AI-powered insights. IBM's recent breakthrough in optics technology is expected to bring revolutionary changes to generative AI and data center efficiency.
International Business Machines Corporation IBM News Analytics from Sat, 31 Aug 2024 07:00:00 GMT to Sat, 18 Jan 2025 20:19:07 GMT -
Rating 6
- Innovation 8
- Information 8
- Rumor -1
