IBM announced a strategic collaboration with Arm to create new dual-architecture hardware aimed at helping enterprises run AI and data-intensive workloads with enhanced flexibility, reliability, and security. This partnership combines IBM's expertise in system design and security with Arm's power-efficient architecture and broad software ecosystem to build scalable computing platforms. The collaboration focuses on expanding virtualization technologies, supporting high-availability and security for mission-critical environments, and fostering long-term ecosystem growth to offer enterprises more software choices and deployment flexibility. This initiative reflects IBM's commitment to advancing enterprise infrastructure for future AI-driven business needs.
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...
