IBM Shares Jump in Premarket on New Anthropic AI Partnership
IBM stock climbed 7% in premarket trading after announcing a deal with Anthropic to bring Claude AI to its software suite.
BTC$62,533.00-3.27%
ETH$1,660.02-4.47%
USDT$0.9988-0.01%
USDC$0.9998+0.00%
XRP$1.10-3.16%
SOL$68.97-5.07%
TRX$0.3301-0.45%
FIGR_HELOC$1.04+0.35%
HYPE$62.57-7.36%
DOGE$0.079-5.01%
USDS$0.99960.00%
RAIN$0.0157+4.11%
LEO$9.54-0.17%
ZEC$417.90-7.62%
XLM$0.1932-6.36%
BTC$62,533.00-3.27%
ETH$1,660.02-4.47%
USDT$0.9988-0.01%
USDC$0.9998+0.00%
XRP$1.10-3.16%
SOL$68.97-5.07%
TRX$0.3301-0.45%
FIGR_HELOC$1.04+0.35%
HYPE$62.57-7.36%
DOGE$0.079-5.01%
USDS$0.99960.00%
RAIN$0.0157+4.11%
LEO$9.54-0.17%
ZEC$417.90-7.62%
XLM$0.1932-6.36%
IBM stock gained after it introduced Quantum Nighthawk, a new 120-qubit processor that marks its most advanced quantum chip so far.
IBM stock climbed 7% in premarket trading after announcing a deal with Anthropic to bring Claude AI to its software suite.
IBM stock gained in premarket after a partnership with HSBC showed quantum computing improved bond trading forecasts by 34%.
Outside of major hyperscalers like Alphabet and Microsoft, new quantum milestones will likely come from these companies.
IBM posted earnings that exceeded expectations but faced headwinds as Musk's DOGE initiative cut 15 federal contracts worth $100 million.
IBM's strong fourth-quarter results were driven by significant growth in its software division.
Tesla and Molina Healthcare soared on strong earnings beats while IBM tumbled after missing revenue targets.
Intel Corporation has partnered with IBM Cloud to offer its Gaudi 3 AI accelerator chips starting in early 2025.
Amid a volatile trading session, tech giants IBM and NVIDIA, along with manufacturing stalwart Packaging Corporation of America, are making waves on Wall Street.
Meta and IBM shares plunge in pre-market trading following earnings reports and strategic announcements.
Several companies are poised to disclose their latest earnings on Wednesday after the market closes, with much of the focus being on AI-centric IBM.
IBM keeps pushing for AI to regain the old glory. The 3-month stock performance suggests it is working.
IBM plays a major role in all things AI but its stock price movement hasn't reflected the hype.