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ServiceNow’s quiet $1B cybersecurity boom
TheStreet22d agoneutral
ServiceNow’s quiet $1B cybersecurity boom

ServiceNow reported second-quarter results the evening of Wednesday, July 22, beating Wall Street’s expectations on revenue, margin, and bookings. The backdrop made that harder than it sounds. Investors had spent the prior week watching IBM and Pegasystems blame artificial intelligence spending ...

Nvidia, Microsoft and other tech giants back open-source AI models
Reuters22d agoneutral
Nvidia, Microsoft and other tech giants back open-source AI models

Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source ‌AI models, wading into a debate roiling the business and policy worlds over ‌who controls the powerful technology. In a letter posted on X and also signed by two dozen companies and groups ​including Meta Platforms and IBM, Nvidia CEO Jensen Huang said that lawmakers should avoid "premature restrictions on open models that stifle competition or drive innovation overseas." The letter adds to the growing debate about open-source models that are harder to regulate, such as Nvidia's own and those released ‌in recent weeks by Chinese ⁠labs, and the closed-source models controlled by specific companies such as OpenAI and Anthropic.

IBM buys HRL Laboratories in shift to two-track quantum computing strategy
Reuters23d agobullish
IBM buys HRL Laboratories in shift to two-track quantum computing strategy

IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the ‌company said on Thursday, adding a second pillar to IBM's quantum computing efforts. IBM has been racing ‌against Alphabet's Google, Microsoft and others to create practical quantum machines that can crack problems that would take conventional computers thousands ​of years to solve. In May, U.S. President Donald Trump's administration said it would award $1 billion to IBM to set up a new company called Anderon in New Albany, New York, to serve as a chip factory for U.S. quantum computing firms.

Bloomberg23d agobullish
Intel Needs More Than Blowout Earnings as Chips Rally Falters

(Bloomberg) -- Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Le

International Business Machines Q2 Earnings Call Highlights
MarketBeat23d agoneutral
International Business Machines Q2 Earnings Call Highlights

International Business Machines (NYSE:IBM) said its second-quarter 2026 results fell short of expectations as some large software transactions slipped late in the period, prompting the company to lower its full-year revenue growth outlook while maintaining its free cash flow target. Chairman, Presi

IBM (IBM) Matches Q2 Earnings Estimates
Zacks24d agoneutral
IBM (IBM) Matches Q2 Earnings Estimates

IBM (IBM) delivered earnings and revenue surprises of 0.00% and -0.03%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending
Reuters24d agobearish
IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending

IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward ‌AI-focused data-center gear at the expense of its software and mainframe computers. The company also missed profit and revenue expectations for the ​second quarter ended June 30, but executives sought to reassure shareholders that customers prioritized spending on AI in the quarter but were not looking to move away from mainframes in the longer term. CEO Arvind Krishna said last week IBM had "faltered" in adapting and "numerous large deals" had slipped, sending the company's ‌shares down 25%, its steepest one-day ⁠fall in more than a century.