Oppenheimer Rates IBM “Outperform” with $360 Target
Oppenheimer initiates coverage of IBM with an Outperform rating, citing strong software growth, consulting recovery, and AI opportunities as key drivers.
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IBM and Cisco Aim to Build the First Quantum Network
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’s Quantum Leap: Closer to Truly Useful Computing
IBM announces major breakthroughs in quantum computing hardware (Nighthawk, Loon) and software (Qiskit), speeding up the path to useful quantum systems by 2026.
IBM Misses Red Hat Growth Target Despite Strong AI and Mainframe Sales
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.
IBM and Anthropic Join Forces to Boost AI for Business
IBM is partnering with Anthropic to add the powerful Claude AI model into IBM software used by large companies. The first tool getting Claude helps software engineers automate coding tasks, making development faster. IBM provides expertise selling tech to major businesses.