Jefferies updated its 2026 software outlook, upgrading IBM to Buy and downgrading Adobe to Hold as it favors infrastructure over applications amid slower growth and gradual AI monetization.
IBM announces $11 billion acquisition of Confluent to create a comprehensive data streaming platform for enterprise AI and real-time applications.
Oppenheimer initiates coverage of IBM with an Outperform rating, citing strong software growth, consulting recovery, and AI opportunities as key drivers.
IBM and Cisco team up to create a network of quantum computers, paving the way for a future quantum internet and powerful real-world applications.
IBM announces major breakthroughs in quantum computing hardware (Nighthawk, Loon) and software (Qiskit), speeding up the path to useful quantum systems by 2026.
IBM’s Q3 results beat profit estimates but fell short on Red Hat growth, sparking investor concern. Strong AI and mainframe sales drove overall revenue to $16.3B.
