International Business Machines (IBM) news and analysis
Nasdaq futures rise 1% after AI selloff as SpaceX (SPCX), Tesla (TSLA), and Meta (META) earnings approach
Nasdaq futures led Sunday night's bounce after chip stocks' longest losing streak since 2008. Here's the week's earnings calendar.
WSJ columnist says a price crash could end the AI boom. I think cheaper AI could also prolong it
AI prices have been falling fast. The real question is who eats the decline.
IBM and IonQ reach the final stage of DARPA's quantum test as PsiQuantum gets a $150 million loan offer
Four companies moved to DARPA's final quantum test. IonQ says its own agreement could be worth up to $300 million.
Quantum stocks compared: IonQ (IONQ) vs Rigetti (RGTI) vs D-Wave (QBTS)
IonQ, Rigetti, and D-Wave all sell quantum computers, but they use different technologies and run businesses of very different sizes. IonQ reported $80.1 million of second-quarter revenue, nearly 10 times Rigetti and D-Wave combined.
IBM has a $1 billion quantum foundry award. Where do IonQ, D-Wave and Rigetti get their chips?
Anderon, IBM's Albany quantum foundry, signed its final $1 billion CHIPS award on Wednesday and named no outside customer. D-Wave's Advantage2 prototype came from a SkyWater fab that IonQ bought in July, Rigetti runs its own fab in Fremont, and neither IonQ nor Quantum Computing Inc received an award.
IBM (IBM) unit finalizes $1 billion quantum foundry award. Government equity terms remain undisclosed.
Anderon, the IBM company running a quantum wafer foundry in Albany, has signed its final $1 billion award with the Commerce Department. It was the largest of nine proposed in May. Commerce made minority equity stakes a condition of the funding. Anderon's release does not spell out its terms.
GlobalFoundries (GFS) finalizes up to $375 million for quantum chips as $300 million photonics award awaits agreement
GlobalFoundries has signed a definitive agreement with the Commerce Department for up to $375 million over five years to expand its quantum chip business. The money is tied to milestones the release does not list. A separate $300 million silicon photonics award is still a letter of intent.
Pasqal (PSQL) doubled on its Nasdaq debut days after holders redeemed 90% of the SPAC shares
Holders of 26 million of Bleichroeder II's 29 million public shares took the $10 exit before the August 27 close. PSQL then finished its August 28 debut up 95% before giving much of it back.
Rogue AI agents attacked Hugging Face. Its defenders turned to a Chinese open-weight model.
About 700 OpenAI test agents took part in an attack on Hugging Face in July, and the reports published Aug. 26 read like the case against open-weight AI. Except the frontier models Hugging Face reached for refused to help analyze the attack, and its responders ran a Chinese open-weight model instead. Washington has already picked a side.
IBM's software chief sold a third of his IBM stock. It was his own call, not a trading plan.
Rob Thomas sold 25,000 IBM shares for $5.76 million on August 26, six weeks after IBM's worst day in its history. The Form 4's trading-plan checkbox is unchecked.
Nvidia (NVDA) and 34 other companies told Washington not to restrict open-weight AI. OpenAI signed a day late. Anthropic still hasn't.
The Open Weights and American AI Leadership letter asks Washington not to restrict AI models anyone can download. It went from 25 signatures to 35. OpenAI added its name after sitting out the launch, Google's CEO backed it without signing, and Anthropic declined to comment. Update, July 27: the list has since grown to 133 names, and both Google and Amazon signed.
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.