ETFs in Focus as IBM Reports Mixed Q3 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
0mins
Should l Buy IBM?
Source: NASDAQ.COM
IBM's Q3 2024 Results: IBM reported mixed results for the third quarter of 2024, beating earnings estimates with $2.30 per share but falling short on revenue at $14.97 billion, leading to a decline in its stock price by over 8% in after-hours trading.
Focus on AI and ETFs: The company is expanding its artificial intelligence capabilities, with generative AI bookings reaching $3 billion. Several ETFs heavily invested in IBM, such as First Trust NASDAQ Technology Dividend Index Fund and FT Vest Technology Dividend Target Income ETF, are highlighted due to their significant allocations to the tech giant.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy IBM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on IBM
Wall Street analysts forecast IBM stock price to rise
16 Analyst Rating
11 Buy
4 Hold
1 Sell
Moderate Buy
Current: 240.590
Low
210.00
Averages
315.80
High
375.00
Current: 240.590
Low
210.00
Averages
315.80
High
375.00
About IBM
International Business Machines Corporation is a provider of global hybrid cloud and artificial intelligence (AI) and consulting expertise. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. It helps clients in more than 175 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
IBM and Masters Tournament Launch AI-Enhanced Features
- Historical Data Exploration: The integration of watsonx AI technology transforms the Masters Vault video archive into an interactive experience, allowing golf fans worldwide to explore over 50 years of final round broadcasts through simple conversational prompts, significantly enhancing user engagement and understanding of tournament history.
- Precise Clip Search: The new system utilizes IBM's Granite small language models and the watsonx Orchestrate platform to instantly find precise clips within full-length replays, making it easy for fans to relive iconic moments, thereby enhancing the visual experience and interactivity of the tournament.
- Enhanced Hole Insights: The AI-powered Hole Insights feature combines historical scoring probabilities and performance trends to provide more accurate analyses for every shot taken by every player, helping fans understand the impact of each shot, which enhances both the viewing experience and educational value of the event.
- Ongoing Technological Innovation: IBM's 30-year collaboration with the Masters Tournament continues to drive innovation in digital experiences, with new AI integrations showcasing how vast amounts of data can be transformed into meaningful insights, further solidifying IBM's leadership in the sports technology sector.
See More
CrowdStrike and IBM Expand Strategic Collaboration for SOC Transformation
- Strategic Collaboration Expansion: CrowdStrike and IBM announced an expansion of their strategic collaboration, integrating the CrowdStrike Falcon platform into IBM Consulting's managed Threat Detection and Response services to enhance the efficiency and responsiveness of Security Operations Centers (SOC).
- Technological Synergy: By combining CrowdStrike's Charlotte AI with IBM ATOM, the firms can collaboratively analyze detections across endpoint, identity, and cloud environments, accelerating threat response and reducing manual handoffs to improve overall security.
- Immersive Simulation Experiences: The new collaboration also includes offering immersive cyber crisis simulations within the global X-Force Cyber Range, helping organizations prepare for emerging threats and enhancing their response capabilities.
- Market Reaction: Despite the promising collaboration, both CrowdStrike and IBM shares have declined nearly 19% in 2026, indicating market caution regarding the future performance of both companies.
See More
CROWDSTRIKE AND IBM ENHANCE STRATEGIC PARTNERSHIP TO SPEED UP AGENTIC SOC TRANSFORMATION
CrowdStrike and IBM Collaboration: CrowdStrike has expanded its strategic collaboration with IBM to enhance cybersecurity solutions and services.
Focus on Agentic SOC Transformation: The partnership aims to accelerate the transformation of Security Operations Centers (SOCs) to be more efficient and effective in threat detection and response.
See More
Cisco's Stock Gradually Recovers
- Price Breakthrough: Cisco has recently surpassed its 2000 peak in February, and although its recovery has been gradual, the stock has broken above its trading range with a target price nearing $86.60, indicating market confidence in its future performance.
- Technical Formation: The current cup and handle pattern suggests potential upward momentum, and investors may increase buying pressure upon confirmation of returning positive momentum, which could drive the stock closer to its historical highs.
- Relative Performance: Cisco has seen a roughly 1,000% increase since 2002, which, while less impressive than the 1,600% surge from 1994 to 2000, reflects a more sustainable growth pace, indicating a gradual restoration of market confidence.
- Market Environment: Over the coming months, Cisco will continue to leverage its short-term bullish formation, and if it can maintain recent gains and trend higher, it may achieve sustained outperformance relative to the Nasdaq 100 index.
See More
IBM and ElevenLabs Collaborate to Enhance AI Voice Interactions
- Collaboration Announcement: IBM and ElevenLabs announced on Wednesday their collaboration to integrate text-to-speech and speech-to-text capabilities into IBM's watsonx Orchestrate platform, aiming to enhance voice interactions in enterprise AI systems.
- Multilingual Capabilities: This integration allows businesses to deploy AI agents with multilingual voice capabilities across 70 languages, targeting use cases such as customer support, sales, and internal operations, significantly improving user experience.
- Feature Expansion: IBM stated that the addition expands watsonx Orchestrate from text-based automation to voice-enabled workflows while ensuring enterprise requirements such as security, compliance, and scalability are met.
- Future Collaboration: Although no financial details were disclosed, IBM and ElevenLabs plan to continue working together to advance voice-first AI applications for enterprise use, indicating both companies' commitment to future market potential.
See More
ElevenLabs and IBM Collaborate to Enhance AI Voice Interactions
- Voice Interaction Upgrade: The collaboration between ElevenLabs and IBM integrates their Text to Speech (TTS) and Speech to Text (STT) technologies into IBM watsonx Orchestrate, enabling enterprises to deliver more natural voice interactions in 70 languages, thereby enhancing customer experience and strengthening competitive advantage.
- Security and Compliance: By incorporating ElevenLabs' premium speech technology, businesses can create voice agents that meet security and compliance requirements, ensuring safety when handling sensitive information, which is crucial for industries like finance and healthcare.
- Global Expansion Capability: This integration allows AI phone agents to support multiple regional accents and voices, helping government agencies and businesses reach broader communities in key areas such as customer support, sales, and internal operations, thus improving service accessibility and effectiveness.
- Enterprise-Grade Protections: IBM watsonx Orchestrate offers enterprise-level protections, including PCI compliance and HIPAA support, ensuring consistency and reliability during high-volume and highly concurrent interactions, thereby laying a solid foundation for enterprise-scale deployments.
See More
IBM and Masters Tournament Launch AI-Enhanced Features
- Historical Data Exploration: The integration of watsonx AI technology transforms the Masters Vault video archive into an interactive experience, allowing golf fans worldwide to explore over 50 years of final round broadcasts through simple conversational prompts, significantly enhancing user engagement and understanding of tournament history.
- Precise Clip Search: The new system utilizes IBM's Granite small language models and the watsonx Orchestrate platform to instantly find precise clips within full-length replays, making it easy for fans to relive iconic moments, thereby enhancing the visual experience and interactivity of the tournament.
- Enhanced Hole Insights: The AI-powered Hole Insights feature combines historical scoring probabilities and performance trends to provide more accurate analyses for every shot taken by every player, helping fans understand the impact of each shot, which enhances both the viewing experience and educational value of the event.
- Ongoing Technological Innovation: IBM's 30-year collaboration with the Masters Tournament continues to drive innovation in digital experiences, with new AI integrations showcasing how vast amounts of data can be transformed into meaningful insights, further solidifying IBM's leadership in the sports technology sector.
See More
CrowdStrike and IBM Expand Strategic Collaboration for SOC Transformation
- Strategic Collaboration Expansion: CrowdStrike and IBM announced an expansion of their strategic collaboration, integrating the CrowdStrike Falcon platform into IBM Consulting's managed Threat Detection and Response services to enhance the efficiency and responsiveness of Security Operations Centers (SOC).
- Technological Synergy: By combining CrowdStrike's Charlotte AI with IBM ATOM, the firms can collaboratively analyze detections across endpoint, identity, and cloud environments, accelerating threat response and reducing manual handoffs to improve overall security.
- Immersive Simulation Experiences: The new collaboration also includes offering immersive cyber crisis simulations within the global X-Force Cyber Range, helping organizations prepare for emerging threats and enhancing their response capabilities.
- Market Reaction: Despite the promising collaboration, both CrowdStrike and IBM shares have declined nearly 19% in 2026, indicating market caution regarding the future performance of both companies.
See More
CROWDSTRIKE AND IBM ENHANCE STRATEGIC PARTNERSHIP TO SPEED UP AGENTIC SOC TRANSFORMATION
CrowdStrike and IBM Collaboration: CrowdStrike has expanded its strategic collaboration with IBM to enhance cybersecurity solutions and services.
Focus on Agentic SOC Transformation: The partnership aims to accelerate the transformation of Security Operations Centers (SOCs) to be more efficient and effective in threat detection and response.
See More
Cisco's Stock Gradually Recovers
- Price Breakthrough: Cisco has recently surpassed its 2000 peak in February, and although its recovery has been gradual, the stock has broken above its trading range with a target price nearing $86.60, indicating market confidence in its future performance.
- Technical Formation: The current cup and handle pattern suggests potential upward momentum, and investors may increase buying pressure upon confirmation of returning positive momentum, which could drive the stock closer to its historical highs.
- Relative Performance: Cisco has seen a roughly 1,000% increase since 2002, which, while less impressive than the 1,600% surge from 1994 to 2000, reflects a more sustainable growth pace, indicating a gradual restoration of market confidence.
- Market Environment: Over the coming months, Cisco will continue to leverage its short-term bullish formation, and if it can maintain recent gains and trend higher, it may achieve sustained outperformance relative to the Nasdaq 100 index.
See More
IBM and ElevenLabs Collaborate to Enhance AI Voice Interactions
- Collaboration Announcement: IBM and ElevenLabs announced on Wednesday their collaboration to integrate text-to-speech and speech-to-text capabilities into IBM's watsonx Orchestrate platform, aiming to enhance voice interactions in enterprise AI systems.
- Multilingual Capabilities: This integration allows businesses to deploy AI agents with multilingual voice capabilities across 70 languages, targeting use cases such as customer support, sales, and internal operations, significantly improving user experience.
- Feature Expansion: IBM stated that the addition expands watsonx Orchestrate from text-based automation to voice-enabled workflows while ensuring enterprise requirements such as security, compliance, and scalability are met.
- Future Collaboration: Although no financial details were disclosed, IBM and ElevenLabs plan to continue working together to advance voice-first AI applications for enterprise use, indicating both companies' commitment to future market potential.
See More
ElevenLabs and IBM Collaborate to Enhance AI Voice Interactions
- Voice Interaction Upgrade: The collaboration between ElevenLabs and IBM integrates their Text to Speech (TTS) and Speech to Text (STT) technologies into IBM watsonx Orchestrate, enabling enterprises to deliver more natural voice interactions in 70 languages, thereby enhancing customer experience and strengthening competitive advantage.
- Security and Compliance: By incorporating ElevenLabs' premium speech technology, businesses can create voice agents that meet security and compliance requirements, ensuring safety when handling sensitive information, which is crucial for industries like finance and healthcare.
- Global Expansion Capability: This integration allows AI phone agents to support multiple regional accents and voices, helping government agencies and businesses reach broader communities in key areas such as customer support, sales, and internal operations, thus improving service accessibility and effectiveness.
- Enterprise-Grade Protections: IBM watsonx Orchestrate offers enterprise-level protections, including PCI compliance and HIPAA support, ensuring consistency and reliability during high-volume and highly concurrent interactions, thereby laying a solid foundation for enterprise-scale deployments.
See More
