IBM Stock Falls but Analysts Are Still Bullish. Here’s Why.
IBM’s mixed results, disclosed Wednesday evening, sent the stock sharply down, but analysts continue to recommend the shares.Hopes have been high that artificial intelligence will boost IBM’s profit and share price but its quarterly earnings report showed revenue was slightly lower than expected,
Why IBM Stock Is Falling Today
Even with today's pullback, IBM stock is up roughly 33% across 2024's trading and roughly 59% over the last year. The big gains appear to have primarily been driven by excitement surrounding the company's opportunities in artificial intelligence ( AI ).
Is IBM Stock a Buy, Sell, or Hold After Q3 Earnings?
Technology and consulting giant IBM (IBM) just released its Q3 earnings, showing mixed results that left investors disappointed. While the company exceeded profitability expectations, its revenue fell short,
IBM Stock Falls After Revenue Misses Wall Street Forecasts
International Business Machines (IBM) stock fell, after quarterly revenue undershot consensus estimates. While sales rose from a year earlier, boosted by high demand for artificial intelligence-related offerings, consulting revenue was flat and sales ...
IBM shares sink on mixed Q3
Closing Bell Overtime' reacts to IBM's mixed quarterly report which sent shares sharply lower in extended trading.
IBM shares tumble after 'solid but uneven' Q3 print amid high expectations
International Business Machines (NYSE:IBM) reported third-quarter earnings that beat analyst estimates, but revenue fell short of expectations, sending shares down more than 4% in premarket trading Thursday.
IBM Earnings: Shares Sink as Q3 Revenue Disappoints Investors
Shares Sink as Q3 Revenue Disappoints Investors Benzinga's Premarket Prep is the #1 go-to source for everything you need to know before the market opens! Join our expert hosts as they break down the latest market trends,
IBM says AI business is rapidly growing, but that’s not enough to help the stock
IBM’s stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure ...
IBM releases new AI models for businesses as genAI competition heats up
IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to ...
IBM revenue misses, but execs say AI will drive future growth
The revenue miss sent IBM shares down over 3% in extended hours trading. Executives put a positive face on the numbers, ...
IBM's Triangle team leads AI innovation
Research Triangle Park team leads next-generation AI model development. IBM's Red Hat acquisition catalyzed open-source AI ...
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IBM works to address the developer skills gap with AI
The watsonx Code Assistant uses the newly announced Granite 3.0 models to provide general-purpose coding assistance across ...
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IBM Unveils New AI Models For Businesses
IBM on Monday released the latest version of its artificial intelligence models catered towards businesses, looking to ...
Red Hat revenue has doubled since IBM buyout
Red Hat, the open source software firm IBM bought out in 2019 for $34 billion, has nearly doubled its revenue since being ...
IBM releases new Granite foundation models under ‘permissive’ Apache license
The company is also unveiling a new generation of its watsonx Code Assistant for application development and modernization.