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‘Dinosaur’ Tech Stocks Reborn as AI Fuels $1.7 Trillion Rally
Bloomberg74d agobullish
‘Dinosaur’ Tech Stocks Reborn as AI Fuels $1.7 Trillion Rally

(Bloomberg) -- They were all stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront. But Dell Technologies Inc., Nokia Oyj and Lenovo Group Ltd. are back with a vengeance thanks to the unrelenting artificial intelligence spending boom.Most Read from BloombergStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseCVS Returns Zepbound to Drug Plans

International Business Machines (IBM) Unveils $15B Investments, Surges 12.7%
Insider Monkey75d agobullish
International Business Machines (IBM) Unveils $15B Investments, Surges 12.7%

International Business Machines Corporation (NYSE:IBM) is one of the 10 Stocks With Explosive Returns. International Business Machines extended its winning streak to a third consecutive day on Friday, climbing 12.71 percent to close at $297.80 apiece, after unveiling plans to invest $15 billion in quantum computers and open source software for the AI era. In separate […]

Why IBM (IBM) Stock Is Up Today
StockStory75d agoneutral
Why IBM (IBM) Stock Is Up Today

Shares of technology and consulting giant IBM (NYSE:IBM) jumped 12% in the afternoon session after it announced a $10 billion commitment to quantum computing with CHIPS Act backing, supported by a sector read-through from Dell's blowout Q1 results.

IBM’s US$5b Project Lightwell Aims To Reframe Open Source Security
Simply Wall St.76d agoneutral
IBM’s US$5b Project Lightwell Aims To Reframe Open Source Security

IBM (NYSE:IBM) has launched Project Lightwell, a US$5b initiative with Red Hat focused on enterprise open source software security. The program brings together frontier AI tools and around 20,000 engineers to address software supply chain risks. Project Lightwell builds on IBM’s partnerships with major financial institutions and recent US federal quantum funding activity. For you as an investor, Project Lightwell reinforces IBM’s position as a core infrastructure and security partner for...

Americans to recieve $3,500 each after doughnut chain settles lawsuit
TheStreet76d agobearish
Americans to recieve $3,500 each after doughnut chain settles lawsuit

When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...

Americans to recieve $3,500 each after doughnut chain settles lawsuit
TheStreet76d agobearish
Americans to recieve $3,500 each after doughnut chain settles lawsuit

When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...

IBM shares rise after unveiling $15B cybersecurity and quantum investment plan
Proactive76d agoneutral
IBM shares rise after unveiling $15B cybersecurity and quantum investment plan

International Business Machines Corp (NYSE:IBM) shares rose more than 3% on Thursday to trade at about $264 after the company announced a combined $15 billion investment initiative focused on cybersecurity and quantum computing, moves that Wedbush said could help “future-proof” the company’s...

Investing.com76d agoneutral
Rational exuberance: Inside Washington’s $2 billion quantum gamble

The U.S. Department of Commerce recently sent shockwaves through the technology sector by signing letters of intent to inject $2 billion into nine quantum computing and hardware companies under the CHIPS and Science Act. The capital allocation includes a massive $1 billion commitment to a newly formed IBM subsidiary, alongside substantial stakes in pure-play firms like GlobalFoundries, Rigetti Computing, and D-Wave Quantum. Yet it was not the dollar amount that triggered a parabolic surge in pub