IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing
“Big Blue” has clawed its way back into investor favor, but the company needs to show staying power in AI to cement its comeback.
IBM's (IBM) stock fell 6% in today's trading session despite beating its first-quarter expectations after-market hours on Wednesday and maintaining its full-year revenue guidance.
Over the past 30 days, many big-name tech giants have seen their stock prices fall hard, largely thanks to President Trump's chaotic tariff rollout. For example, Apple (Nasdaq: AAPL) has seen its shares fall 11% over the past month, while Nvidia has seen its shares fall (Nasdaq: NVDA) over 12%.
David Bahnsen, chief investment officer at The Bahnsen Group, says recent tech results are good news for markets but investors should still be wary of overpaying. Bahnsen joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.
IBM reports robust first-quarter 2025 results and offers upbeat sales outlook for Q2. The stock falls on concerns over federal contract cuts.
IBM reports solid first-quarter 2025 results, driven by healthy demand in the Software segment along with a client-focused, diverse portfolio.
International Business Machines Corp (NYSE:IBM) saw its first quarter sales increase modestly year-over-year as its software unit offset declines in other business lines. For the quarter, revenue was up 1% at $14.5 billion, above estimates of $14.4 billion.
IBM's Q1 2025 results were strong, driven by robust performance in Software and Infrastructure, despite Consulting's drag due to macro uncertainties. Red Hat's open-source platform significantly contributed to IBM's AI and Software growth, with AI business surpassing the $6B mark, growing $1B, sequentially. Management's confidence is reflected in issuing Q2 revenue guidance above estimates, highlighting IBM's resilience amid economic uncertainties.
IBM's Q1 results showed strong software revenue growth but were overshadowed by consulting declines and DOGE-related concerns. Gold steadied after a significant drop, presenting a dip buying opportunity, with central banks likely to support prices.
International Business Machines Corporation (NYSE:IBM ) Q1 2025 Earnings Conference Call April 23, 2025 5:00 PM ET Company Participants Olympia McNerney - Global Head of IR Arvind Krishna - Chairman, President and CEO James Kavanaugh - SVP and CFO Conference Call Participants Jim Schneider - Goldman Sachs Wamsi Mohan - Bank of America Amit Daryanani - Evercore ISI Ben Reitzes - Melius Research Erik Woodring - Morgan Stanley Brian Essex - JPMorgan Matt Swanson - RBC Capital Markets Operator Welcome, and thank you for standing by. At this time, all participants are in a listen-only mode.
Tech and consulting giant IBM was not immune to the Department of Government Efficiency's (DOGE) cuts.