International Business Machines (NYSE: IBM) stock price was little changed on Monday after media reports noted that it was shutting down its R&D division in China, affecting over 1,000 jobs. Some of those jobs will move to Bangalore, India, where the country has a huge operation.
IBM will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday, citing a statement from the company.
IBM, an old company with a history of missed innovation, is now showing growth potential under new management. Software and GenAI business segments are driving high-single digit revenue growth and expanding margins for IBM by 100 bp. Free cash has been growing at one of the healthiest trajectories since 2020, on track to grow 7% in 2024.
IBM (IBM) reported earnings 30 days ago. What's next for the stock?
IBM's free cash flows totaled $12.1 billion over the last four quarters. Of those cash profits, 55% were returned to shareholders in the form of dividends and buybacks.
Nvidia's sales are skyrocketing thanks to AI chip demand. IBM recently reported $2 billion in orders for its brand-new generative AI services.
The United States Tennis Association opts to utilize IBM AI capabilities to deliver a more comprehensive and engaging digital experience to millions of fans worldwide.
IBM pays a dividend that's attractive within the tech sector. The company's growing free cash flow inspires confidence in future dividend payouts.
NIST incorporates IBM's algorithms into the world's first post-quantum cryptography standards, marking a crucial step in safeguarding digital infrastructure.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD), Microsoft Corp (NASDAQ:MSFT), International Business Machines Corp (NYSE:IBM) and Accenture PLC (NYSE:ACN) are some of the most well-liked stocks across U.S. Congress, trading platform eToro revealed.
IBM (IBM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Remember when IBM had years of stagnation and declining investor returns? Now, a successful turnaround at International Business Machines (NYSE: IBM ) is finally taking hold.