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Bloomberg10d agobearish
Circle Revenue Misses Estimates as Crypto Markets Mired in Rout

(Bloomberg) -- Circle Internet Group Inc. reported second-quarter revenue that missed Wall Street expectations after circulation of its stablecoin USDC fell from a peak amid a protracted slide in cryptocurrency markets. Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallSpaceX’s AI Spl

IBM (IBM) Stock Still Looks Cheap On Fair Value Despite Weak Checks
Simply Wall St.11d agoneutral
IBM (IBM) Stock Still Looks Cheap On Fair Value Despite Weak Checks

International Business Machines has more than doubled investors' money over the past five years, yet its current valuation checks send mixed signals, with the intrinsic value estimate pointing to upside while the broader score remains on the low side. IBM has returned 109.3% over five years, which puts the recent share price in a very different place to where long term holders started. Expectations around quantum computing and AI driven services can support IBM's valuation, while execution...

Jim Cramer rethinks Bitcoin after IBM CEO's three-year warning
TheStreet12d agoneutral
Jim Cramer rethinks Bitcoin after IBM CEO's three-year warning

Arvind Krishna, CEO of International Business Machines (IBM), a global technology company at the forefront of quantum computing, warned that quantum computing could pose a serious threat to cryptocurrencies such as Bitcoin within the next few years. During a July 31 interview on CNBC's Mad ...

IBM’s Quantum Bet Just Got Bigger—What the HRL Deal Means for Investors
Insider Monkey12d agoneutral
IBM’s Quantum Bet Just Got Bigger—What the HRL Deal Means for Investors

The quantum computing field is continuing to advance. This can be seen from companies diversifying their strategies and governments getting more involved in funding the efforts. It’s against this backdrop that International Business Machines Corporation (NYSE:IBM) has agreed to acquire HRL Laboratories from Boeing Co. (NYSE:BA) and General Motors Co. (NYSE:GM). HRL Laboratories is a […]

Warsh Is Reverting Fed to Historic Norms, Gary Cohn Says
Bloomberg12d agoneutralVIDEO
Warsh Is Reverting Fed to Historic Norms, Gary Cohn Says

IBM Vice Chairman Gary Cohn says, "the market became addicted to knowing what the Fed was going to do" as he discusses market reaction to Federal Reserve Chairman Kevin Warsh's handling of the US central bank. He speaks on "Bloomberg Surveillance."

Accenture (ACN) Expands Banking Role With UniCredit And IBM Partnership
Simply Wall St.12d agobullish
Accenture (ACN) Expands Banking Role With UniCredit And IBM Partnership

Accenture (NYSE:ACN) has agreed to a new collaboration with UniCredit and IBM to build a next generation banking platform in Europe. The arrangement includes Accenture acquiring a majority stake in a joint venture that will manage a large share of UniCredit’s technology infrastructure. IBM will work on modernizing UniCredit’s technology stack as part of this multi year initiative. Accenture is a global consulting and technology services company, and this move deepens its role in core...

IBM’s Arvind Krishna Predicts Quantum Computing Will Become a Meaningful Business by 2028: 'We Are Now Pretty Convinced...'
Benzinga12d agoneutral
IBM’s Arvind Krishna Predicts Quantum Computing Will Become a Meaningful Business by 2028: 'We Are Now Pretty Convinced...'

On Thursday, International Business Machines Corp (NYSE:IBM) CEO Arvind Krishna said quantum computing could begin making a measurable contribution to the company’s revenue and profit by 2028 or 2029. IBM Sees Quantum Computing Driving Revenue and Profit Speaking on CNBC’s "Mad Money," Krishna said investors may not have to wait much longer for quantum computing to become a meaningful business for IBM. "I think that in 2028 or 2029, you’ll see it have a measurable impact on our top line and bott