IBM is set to report first-quarter results largely in line with expectations on April 22, with the early closing of its Confluent acquisition adding about $50 million in revenue. Bank of America adjusted estimates, lowering near-term earnings forecasts due to acquisition-related dilution and softer consulting growth, but expects IBM to maintain its full-year 2026 guidance. Growth is mixed across segments, with strong infrastructure demand and data segment gains from Confluent, while consulting revenue may dip before recovering later in the year. Analysts maintain a Buy rating but have reduced the price target from $340 to $300.
Mad Money host Jim Cramer declared Intel as his favorite stock, citing its strong position in the AI infrastructure boom and its role as the third-largest customer of semiconductor maker ASML. He believes Intel's CEO is steering the company to be a k...
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
Energy prices cooled in June, easing inflation pressures despite ongoing tensions between the U.S. and Iran near the Strait of Hormuz. Morgan Stanley reported record quarterly revenue and profit, boosted by a surge in equities trading fueled by the A...
IBM reported earnings and revenue below expectations due to enterprises reducing spending on traditional IT systems to invest in their own AI infrastructure. This shift indicates companies prefer developing on-premises AI solutions with cheaper open-...
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
