Other IBM competitors see the possibility of such a deal as an opportunity to snatch market share from potentially confused IBM corporate customers or as a vindication of their own desktop strategies.

IBM CEO Arvind Krishna was additionally present at the meeting. Senate Majority Leader Chuck Schumer (D-N.Y.) hosted Elon Musk, Sam Altman and Bill Gates at his first AI forum Sept. 13.

IBM competitors Oracle (ORCL) and Dell (DELL) both climbed 3% during early market action. SAP (SAP) inched up 0.5% while Microsoft (MSFT) ticked up 1.8%.

IBM expects to develop other high-performance computers with the hybrid design for other applications. The contract could give IBM the leg up in competing for other high-performance projects.

Alphabet is one of the few AI powerhouses that surprisingly remained affordable amid the AI-driven technology rally. Currently trading at just 18.7 times forward earnings, the company is significantly ...

The Justice Department has started a preliminary investigation into whether IBM has abused its monopoly position in the market for mainframe computers, which remain vital to many of the world’s ...

Oppenheimer analyst forecasts Commvault will outperform legacy rivals like Dell and IBM, reaching FY25 revenues of $839.2M. Get access to the leaderboards pointing to tomorrow’s biggest stock ...

We forecast free cash flow to the firm to be in the $7 billion or more range each year from 2021 to 2025. While IBM’s acquisition spend has been lumpy, we estimate IBM will place acquisitions on ...

TurboHercules' move follows similar antitrust complaints with the European Commission from two other small IBM competitors, PSI and T3 Technologies. Microsoft, an arch-rival had a stake in PSI but ...

TurboHercules’ move follows similar antitrust complaints with the European Commission from two other small IBM competitors, PSI and T3 Technologies. Microsoft, an arch-rival had a stake in PSI ...

IBM is highly leveraged, but we think the company should be able to handle its financial obligations over time, even if effects of COVID-19 lead to an IBM credit downgrade, as we expect downgrades ...