IBM closed at $167.38 in the latest trading session, up 0.95% from the previous day, falling behind the S&P 500’s 1.19% gain. The Dow Jones rose by 0.25% while the Nasdaq, dominated by tech stocks, saw a 1.96% rise. Shares of IBM had lost 1.53% over the past month, lagging behind the Computer & Technology … Read more
Google faced backlash and criticism after honoring a Latina lesbian activist on the 80th anniversary of D-Day. Many people expressed anger and frustration at the timing of the tribute, with some saying they “couldn’t be bothered” by Google’s decision. The controversy started when Google paid homage to Sylvia Rivera, a prominent figure in the LGBTQ+ … Read more
A recent study by CloudBolt Software Inc. and Amazon Web Services Inc. suggests that the predicted mass exodus of customers from VMware Inc. to other virtualization providers following Broadcom Inc.’s $61 billion acquisition may be overstated. The study surveyed 300 IT executives responsible for VMware-related purchases and found that while many are concerned about the … Read more
A recent report by Channel Futures revealed that nearly all VMware users are feeling uneasy about the Broadcom acquisition. The study found that 99% of VMware users were “concerned” about the potential impact of Broadcom’s acquisition of the company. This acquisition has raised fears among users about the future of VMware and the changes that … Read more
Cisco Systems, Inc. (NASDAQ:CSCO) saw a slight increase of 0.1% in its shares on Friday, reaching a high of $46.80 and closing at $46.64. The trading volume was significantly lower than average at 2,448,325 shares. Wall Street analysts have given mixed ratings to the company, with some raising price targets and others downgrading their ratings. … Read more
The American chipmaker Nvidia has had to reduce the price of its H20 chip, specifically designed for the Chinese market, due to oversupply, according to a report by Reuters. The H20 chip is now being sold at a 10% discount compared to the Ascend 910B chip from Huawei, a major Chinese chipmaker. Nvidia introduced the … Read more
JPMorgan recently analyzed the impact of NVIDIA’s latest quarterly results and future guidance on the broader hardware and networking sector. NVIDIA reported impressive Q1 2025 results and provided an optimistic revenue forecast for Q2 2025, driven by strong investments in AI infrastructure from the enterprise and cloud segments. This positive outlook is expected to benefit … Read more
Financial giants have recently shown a bearish movement towards IBM, with analysis revealing 8 unusual options operations. Among these operations, 25% of traders were bullish and 50% showed bearish trends. The options history included 6 put options valued at $189,283 and 2 call options valued at $83,475. The big players in the market have been … Read more
Technology Provider Companies (TPCs) in Silicon Valley, including Hewlett Packard Company, International Business Machines Corporation, and Quantum Corporation, have released their annual tape media shipments report. The report highlights a record 152.9 exabytes (EB) of total tape capacity shipped in 2023, marking a 3.14 percent increase from the previous year. This growth is attributed to … Read more
Nvidia announced record-breaking quarterly revenue driven by the growing demand for artificial intelligence in the corporate sector. The company’s CEO, Jensen Huang, highlighted the beginning of a new industrial revolution centered around AI technology. Nvidia generated $26 billion in revenue for the first quarter of fiscal 2025, marking an 18% increase from the previous quarter … Read more