IBM Stock Recent News

IBM (IBM) concluded the recent trading session at $204.11, signifying a +1.41% move from its prior day's close.

The final trades of the day with the Fast Money traders.

24/7 Wall St. Insights The stock market is way overbought, but some blue chips are at bargain prices.

Strengthened partnership with IBM paves the way for more customers to benefit from next-gen SOC Innovation and AI-powered security solutions SANTA CLARA, Calif. , Sept. 4, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced that it has completed the acquisition of IBM's QRadar Software as a Service (SaaS) assets.

IBM's Q2 results exceeded expectations, driven by strong performance in software, consulting, and infrastructure, and a 24% increase in free cash flow. IBM's AI strategy, including the Watsonx platform and Meta's Llama 3 integration, positions it well for enterprise AI adoption with enhanced security and customization. IBM's valuation is currently undervalued, with a forward P/E ratio of 19.58, suggesting a potential 20.42% upside if it matches the sector median.

IBM details its upcoming Telum II mainframe chip as well as its Sprye AI accelerator card. Both chips will be available in new mainframe systems next year.

IBM's fair value is estimated to be around $145 per share using a dividend discount model with an 8.2% required rate of return. Despite improving business performance, IBM's stock appears overvalued based on traditional price multiples and historical valuation metrics. IBM remains a robust dividend payer, benefiting from potential lower interest rates and improved macroeconomic conditions.

IBM has unveiled an upgraded computer chip that could give its customers an AI boost, potentially reshaping how some industries handle data-intensive tasks. For big businesses still relying on IBM's powerhouse mainframe systems, the Telum II processor could mean smarter, faster operations in an increasingly AI-driven world.

International Business Machines announces the closure of its hardware research team in China due to geopolitical tensions between the world's two largest economies.

International Business Machines Corporation IBM has unveiled the architecture of the upcoming IBM Telum II Processor and IBM Spyre at Hot Chips 2024. Designed to enhance processing capacity in next-generation IBM Z mainframe systems, these technologies will accelerate the use of traditional and large language AI models through an innovative ensemble artificial intelligence (AI) method.