International Business Machines Corporation (IBM) shares have seen a modest increase of 0.73% to $224.60 as of November 25, 2024. However, there is no specific news today explaining this price movement. The stock's slight uptick could be attributed to general market trends or investor sentiment rather than any particular announcement or event.
On Reddit, discussions about IBM are varied, with some users focusing on the company's recent collaboration with AMD. This partnership aims to deploy AMD Instinct MI300X accelerators on IBM Cloud, enhancing IBM's watsonx AI platform. One user commented on the potential impact, saying, "IBM and AMD have announced a groundbreaking collaboration... promising robust performance and flexibility for compute-intensive workloads." Another user expressed skepticism about the term "game-changing," questioning the scale of the collaboration. Meanwhile, other discussions touched on IBM's historical performance and its current status, with one user describing IBM as "a shell company now liked [sic] Cisco," reflecting a perception of the company as past its prime. Despite these mixed views, some investors remain optimistic about IBM's long-term prospects, particularly in AI and high-performance computing.
"Over time, very likely and probably many more than that," a user speculated about the potential sales of AMD GPUs to IBM, highlighting the anticipation surrounding the collaboration.