Wedbush Securities increased its price target for IBM from $320 to $350, maintaining an outperform rating. The upgrade follows a period of market concern over AI disruption, which Wedbush now sees as unfounded, with IBM showing strong momentum in AI, hybrid cloud, automation, and cybersecurity. The $11 billion acquisition of Confluent enhances IBM's data streaming and hybrid cloud capabilities. IBM's internal productivity gains of $4.5 billion and ongoing $10 billion quantum computing investment position it well for long-term growth in AI and quantum markets.
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...
