Broadcom, a renowned technology company based in Silicon Valley, is expected to see a surge in chip demand due to the growing field of generative AI. The recent acquisition of VMware has further strengthened Broadcom’s product offerings, especially in custom and networking chips, which are well-positioned for growth in the AI sector. Analysts at Melius … Read more
International Business Machines Co. stock price rose by 0.2% during midday trading on Friday, reaching $170.94. The stock saw a decrease in trading volume compared to the average session volume. Wall Street analysts have varying outlooks on IBM, with some lowering price targets and others raising them. The company recently reported its quarterly earnings, beating … Read more
IBM’s recent earnings report showed a positive trend in the first quarter of 2024. The company beat the Zacks Consensus Estimate in terms of net income, but fell short on the bottom line, despite strong demand for AI and hybrid cloud solutions. IBM reported a GAAP net income of $1.69 per share, up from $1.02 … Read more
International Business Machines Co., trading on the New York Stock Exchange under the ticker symbol IBM, saw a 2% increase in its stock price during midday trading on Tuesday. The stock reached a high of $174.97 and closed at $173.33, with a total of 2,101,584 shares changing hands. This marked a 56% decrease from the … Read more