International Business Machines Corporation (IBM) recently announced the acquisition of Prescinto, a prominent provider of asset performance management software-as-a-service tailored for the renewable energy industry. Headquartered in Bangalore, India, Prescinto commenced its operation in 2016. Since then, the company’s operation has expanded across 14 countries with 16 Gigawatts of energy assets under its management.What Does the Acquisition Bring to the Table?With AI at the core, Prescinto’s cutting-edge ...

C-suite executives see generative AI as both a risk and an opportunityARMONK, N.Y., Oct. 16, 2024 /PRNewswire/ -- New research by IBM's (NYSE: IBM) Institute for Business Value identifies a disconnect between how insurers and their customers prioritize the use of generative AI, with industry executives focusing on experience while their clients are seeking personalized risk products and insights.Findings from a survey of 1,000 insurance c-suite executives in 23 countries and 4,700 insurance customers in nin ...

ARMONK, N.Y., Oct. 9, 2024 /PRNewswire/ -- IBM (NYSE: IBM) will hold its quarterly conference call to discuss its third-quarter 2024 financial results on Wednesday, October 23, 2024 at 5:00 p.m. ET. The live webcast of the earnings call can be accessed at www.ibm.com/investor.Please also visit the investor website for the earnings press release prior to the webcast. A replay, associated charts and prepared remarks will be available after the event.Media contact: Tim DavidsonIBM Corporate Communications[emai ...

Long-established in the Software industry, International Business Machines Corp (IBM, Financial) has enjoyed a stellar reputation. Recently, it has seen a daily gain of 0.12%, juxtaposed with a significant three-month change of 29.18%. However, fresh insights from the GF Score suggest potential headwinds. Notably, its diminished rankings in financial strength, growth, and valuation indicate that the company might not live up to its historical performance. Join us as we delve into these pivotal metrics to un ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Expansion of IBM's utility-scale fleet of quantum computers in Ehningen, Germany is marked with ribbon-cutting by German Chancellor Olaf Scholz and industry leaders.New IBM quantum data center in Europe will soon include IBM Quantum Heron-based system with reduced error rates, 16 times better performance and a 25-fold increase in speed over 2022 IBM Quantum systems.European-based enterprises and research institutions including Crédit Mutuel, Bosch, E.ON, Volkswagen Group, and Ikerbasque are accessing IBM gl ...

IBM (IBM) closed at $221.08 in the latest trading session, marking a +0.11% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.42%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.38%.The technology and consulting company's stock has climbed by 9.26% in the past month, exceeding the Computer and Technology sector's gain of 1.78% and the S&P 500's gain of 2.06%.Investors will be eagerly watching for the performance o ...

International Business Machines Corporation (NYSE: IBM ) is one company of many on the great AI growth voyage. Unlike several of the others, however, I believe its current price reflects the lower end of possibilities andMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy thei ...

Core Viewpoint - An alleged IBM employee claims the company is in a "slow, painful death" due to outdated technology and corporate inertia, warning that "IBM is dying and we know it" [1][2]. Group 1: Company Strategy and Market Position - The employee argues that IBM "monetizes on confusion" and relies on legacy contracts, suggesting that the company sells complexity and then solutions for problems it created [1][3]. - IBM Cloud reportedly holds a small market share because clients are trapped by legacy systems rather than choosing IBM for its merits [3]. - The $34 billion acquisition of Red Hat is cited as an example of IBM's failure to innovate internally, with the employee stating the company opts to "acquire something decent and slap our logo on it" [3]. Group 2: Financial Practices and Client Dependence - The employee criticizes IBM's reliance on maintaining System Z mainframes and charging high fees for software and maintenance, claiming this traps companies in a cycle of dependence [3]. - Software licensing practices, including Enterprise License Agreements, are designed to extract maximum revenue and further lock clients into proprietary systems like DB2 and Websphere [3]. Group 3: Workforce and Innovation Concerns - Workforce morale is reportedly low due to cost-cutting measures like offshoring and replacing experienced employees with lower-wage workers, which the employee argues harms long-term productivity and profitability [3]. - The attempt to enter the AI market with watsonx is dismissed as a desperate move lacking genuine innovation, with the employee stating, "We are just riding off the coattails of Meta and other open-source models" [3]. Group 4: Market Performance and Stock Analysis - Despite the negative claims from the employee, IBM's stock closed at $220.84 per share on September 27, setting a new all-time high and showing a gain of 169.42% since 2004 [4]. - The stock market may react to the employee's rant in the following week as traders and investors digest the message [5].

International Business Machines Corporation (IBM) recently announced that it has successfully completed the expansion of its Quantum Data Centre in Poughkeepsie, NY, marking a significant milestone in the realm of quantum computing. The data center is currently operating the highest number of available utility-scale quantum computers that are part of the quantum systems offered to global clients via the IBM cloud.The expansion includes the second deployment of IBM’s state-of-the-art Quantum Heron processor, ...