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IBM's stock tumbles as preliminary 2Q results come in below Wall Street's expectations
Associated Press32d agobearish
IBM's stock tumbles as preliminary 2Q results come in below Wall Street's expectations

Shares of IBM are sliding before the market open on Tuesday as the company provided preliminary second-quarter results that are below Wall Street's expectations. International Business Machines said that it anticipates a quarterly adjusted profit of $2.93 per share on revenue of $17.2 billion. CEO Arvind Krishna said in a letter to investors that the company's software and infrastructure performance shortfall during the quarter was due to clients shifting their spending toward servers, storage, and memory purchases before anticipated price increases.

Investing.com32d agobearish
IBM plunges 19% as memory capex squeeze derails Q2 earnings

Investing.com --IBM’s preliminary second-quarter results delivered a gut punch to investors, sending the stock down 19% on Tuesday morning as a massive, industry-wide shift in hardware capital expenditure (capex) cannibalized the company’s high-margin software business.

IBM expects second-quarter revenue below estimates
Reuters32d agoneutral
IBM expects second-quarter revenue below estimates

IBM said ‌on ‌Tuesday it expects ​second-quarter revenue of $17.2 billion, according ‌to ⁠preliminary results. Analysts expect ⁠the company to ​report ​revenue ​of $17.86 billion, ‌according to data compiled by LSEG. Shares of ‌the ​company ​fell ​14% ‌in premarket trading.

Starbucks tries something it failed at before
TheStreet36d agoneutral
Starbucks tries something it failed at before

Ten months ago, in September 2025, Starbucks walked into 11,000 stores with NomadGo’s inventory Artificial Intelligence (AI) tool that promised 99% accuracy and counted up to eight times faster than a human. After 9 months, in May 2026, according to Reuters, an internal newsletter retired the ...

IBM just answered a $5 billion cybersecurity question
TheStreet37d agoneutral
IBM just answered a $5 billion cybersecurity question

IBM and Red Hat commercially launched Lightwell on July 8, turning a $5 billion pledge into two products that enterprises can actually buy. Most corporate security promises stay abstract for months before a product ships. This one produced a live catalog, a pricing structure, and a named client ...

IBM’s latest Wall Street call hides bigger shift
TheStreet37d agoneutral
IBM’s latest Wall Street call hides bigger shift

International Business Machines (IBM) has spent years trying to convince investors that it deserves a new label. For Wall Street, IBM long looked like a legacy hardware and consulting company with limited upside. As IBM shifts deeper into higher-margin software, AI infrastructure, and free cash ...

IBM stock surged again: The reason sounds like sci-fi
TheStreet51d agobullish
IBM stock surged again: The reason sounds like sci-fi

IBM (IBM) hasn’t built a commercial computer chip of its own in nearly a decade. On Thursday, June 25, the company said its research labs had cracked something the rest of the chip industry hasn’t managed yet. The breakthrough has nothing to do with software, and everything to do with one tiny ...

IBM stock just got powerful new price target from Wall Street
TheStreet51d agoneutral
IBM stock just got powerful new price target from Wall Street

June 23 gave me three reasons to pay closer attention to International Business Machines (IBM), also known simply as “Big Blue.” All three arrived together in a period of less than 48 hours. June 23, JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral, raising his price target to ...

IBM unveils tech for chip smaller than 1 nanometer in AI computing push
Reuters51d agoneutral
IBM unveils tech for chip smaller than 1 nanometer in AI computing push

IBM on Thursday unveiled what it said was the world's first technology capable of producing chips smaller than ‌one nanometer, as tech companies race to build semiconductors that can handle increasingly ‌demanding AI workloads. The new chip technology, which bolsters IBM's ‌position to compete with contract ⁠chipmakers TSMC and Intel, has a transistor architecture of 0.7 nanometers, or 7 angstroms. Last week, Intel said the new generation of its 18A manufacturing ⁠process, which makes 1.8 nanometer chips, moved into risk production, the testing phase before commercial manufacturing.

IBM handed two major wins within 24 hours
TheStreet52d agobullish
IBM handed two major wins within 24 hours

International Business Machines (IBM) picked up two separate catalysts within roughly a day this week, and only one came from a stock analyst. JPMorgan upgraded IBM (IBM) to Overweight on Tuesday and raised its price target to $291 from $270, a call built entirely on the company’s software ...