International Business Machines (IBM) news and analysis
Everyone's asking if AI is the next dot-com bubble. Nvidia and 25 companies just gave a clue.
Nvidia rallied 25 companies behind open AI models, and OpenAI and Anthropic sat it out. Here's why I think their coming IPOs, not this fight, mark the real top of the AI bubble.
Jensen Huang's first-ever post on X was an open-weights AI letter. Nvidia (NVDA) and Microsoft (MSFT) both signed it, along with 23 other companies.
Jensen Huang joined X in June and stayed silent for weeks. His first post was a joint industry letter on open AI models, signed by 25 companies including Microsoft. OpenAI, Anthropic, Google and Amazon did not sign.
Intel (INTC) just reported the earnings I called the real catalyst. Revenue grew 25%, and the company posted an $11 billion loss.
Intel beat revenue and EPS estimates by a wide margin, but a CHIPS Act accounting charge turned the quarter into an $11 billion GAAP loss. Here is what the numbers actually mean, and why I am still holding the stock.
Tesla (TSLA) and Alphabet (GOOGL) are falling hard. The rest of the AI trade isn't (July 23, 2026)
Tesla and Alphabet kept falling through Thursday morning even as chipmakers, neoclouds and photonics stocks held up fine. Oil topped $100 a barrel after Trump threatened to bomb Iranian infrastructure over any new attack on shipping.
Alphabet (GOOGL) raised AI capex to $205 billion, its third hike this year. Nvidia (NVDA) and Broadcom (AVGO) barely moved after hours
Alphabet raised its 2026 capex guidance to $195-205 billion during Wednesday's call, its third increase this year, and GOOGL fell as much as 5% in extended trading. But the chip and power stocks that are supposed to benefit from that spending, Nvidia, Broadcom, TSMC, Micron, Vistra and Constellation, barely moved.
Alphabet (GOOGL): cloud growth hits 82%, and its AI spending just doubled
Alphabet's Q2 2026 results answered the question this earnings week was supposed to settle. Google Cloud grew 82%, capital spending on AI infrastructure more than doubled to $44.9 billion for the quarter, and the reported 298% profit jump comes with an asterisk worth reading before you believe it.
IBM earnings are tonight. The stock crashed 25% and the government is betting $1 billion on its quantum future (July 22, 2026)
Down 38 percent in seven weeks, still falling into tonight's call, with a government-backed quantum business nobody is talking about.
Senator Jerry Moran bought Berkshire Hathaway for the third time since May, then bought back Google 11% below where he'd sold it a month earlier
Sen. Jerry Moran's July 21 disclosure shows he bought Berkshire Hathaway on June 23, his third purchase of the stock since late May, and bought back Alphabet the same day, about 11% below the price he'd sold it at a month earlier. Here's what the filing shows and how both stocks have moved since, hours before Alphabet's own Q2 earnings report.
Nasdaq-100 futures sank close to 1% Wednesday morning. Stocks clawed almost all of it back by mid-morning (July 22, 2026)
Nasdaq-100 futures fell close to 1% Wednesday morning on an Iran oil spike, new tariffs and chip-stock fear. Stocks opened lower too, but climbed steadily through the first half hour of trading and were back to nearly flat by mid-morning.
IBM already sank 20%. This week's earnings from Alphabet, Tesla, Intel and four more decide if AI spending is real
IBM already sank 20% on a warning. Now Alphabet, Tesla, Intel and four more of our tracked stocks report earnings within 48 hours, the clearest test yet of whether AI spending is paying off.
Jim Cramer's tech calls are still lagging the rest of his book. Intel is 1 for 5, and IBM crashed the day after his second buy call.
Jim Cramer's tech calls are still his weak spot. Intel is 1 for 5 since June, IBM is down nearly 30% since his back-to-back buy calls, and his tech picks trail the Nasdaq-100 by more than three points a call even after Tuesday's chip bounce.
Google is baking Gemini's blueprint directly into a new chip. The stock jumped 3%, and earnings land Wednesday
Alphabet shares jumped about 3% Monday on a report that it's building a new AI chip called Frozen v2, one that bakes Gemini's own architecture into the silicon. The real test comes Wednesday, when Alphabet reports Q2 earnings.
Kimi AI stopped taking new signups days after launch as GPU demand maxed out. Alphabet (GOOGL), Tesla (TSLA) and Intel (INTC) report into a chip bear market (week of July 20, 2026)
Moonshot paused new Kimi subscriptions three days after K3 launched because its GPUs hit capacity, which was our whole argument for chip stocks. This week: Alphabet, Tesla, Intel and Nokia earnings, $88 oil, and a Kospi reopen.
Jim Cramer blessed IBM on Monday. Tuesday was its worst day ever. Wednesday he blessed my Intel. Thursday it dropped.
Jim Cramer told viewers to buy IBM on July 13. It fell 25% the next day, the worst session in the company's history. Then he turned bearish at the bottom and has been right since. On Wednesday he called Intel his favorite stock for the fifth time since June. I own Intel. Thursday it dropped another 3.5%.
Pasqal hired a 30-year HPE executive to lead its commercial push, months into its $2 billion SPAC deal
Pasqal, the Nobel laureate's quantum computing startup, just hired a nearly 30-year HPE veteran to lead its commercial push across Europe and Asia. The hire comes months into the $2 billion SPAC merger it announced back in March, still working toward a close later this year.
The Close, July 14: IBM lost a quarter of its value, and SK Hynix's Nasdaq stock jumped 27%
IBM lost about a quarter of its value in a single session after a weak preliminary report, and the damage spread across enterprise software. SK Hynix's brand-new Nasdaq stock went the other way, jumping 27% on a day chips broadly rallied.
Inflation fell for the first time since 2020, the Kospi closed green, and IBM still crashed 23% (July 14, 2026)
June CPI fell 0.4%, the first monthly decline since 2020, and chips bounced. Then IBM missed on preliminary results, lost roughly 23%, and dragged Workday, ServiceNow and Adobe down with it. CleanSpark jumped 8% on a $6.6 billion AI data center lease, and the Kospi closed green before the CPI number even existed.
Meta said it had spare compute. Then it broke ground on a $9 billion data center in Canada (META, CRWV, NBIS)
A week after Meta's excess-compute cloud plan crushed the neoclouds, it broke ground on a C$13 billion, 1-gigawatt data center in Alberta, Canada. The demand is real.
IBM (IBM) is up almost 12% this week while chip stocks get hit. Here's why.
IBM has closed higher four straight sessions and is up again today, even as Samsung's earnings reaction and a broader chip selloff hit Micron, SanDisk, and Penguin Solutions. A BofA upgrade, a quantum computing milestone, and a new mainframe launch all landed within 48 hours.
Micron (MU), Nebius (NBIS) and chip stocks jump on Hyperliquid's weekend tape
Real markets are closed for July 4th, but tech and chip stocks are trading green right now on Hyperliquid's 24/7 stock perpetuals. Micron, Marvell and Nebius lead the bounce, and the S&P 500 and Nasdaq perpetuals are up too. Here is the full read, and why Monday could look nothing like this.
The market's closed, but the weekend stock tape is flashing green
The US market is closed, but stocks trade 24/7 on Hyperliquid. As of Sunday night the weekend tape is green, led by the chip names that fell hardest Friday. Our read before Monday's open.
The government is betting billions on quantum computing, but the payoff is years away
Washington is now a quantum-computing investor, having committed about $2 billion to nine companies and taken equity stakes back in May. But the technology will not pay off for years, and the pure-play stocks are already priced for a future that has not arrived. Here is the realistic picture.
Can you trade stocks on the weekend? Inside Hyperliquid and the IBM run
A years-old Trump clip went viral on a Saturday and IBM gapped up 15% by Monday. You could watch the whole thing on Hyperliquid, where stocks, oil and indexes trade all weekend in stablecoins. Here is how it works, and why 8 PM Sunday matters.