RED HAT INC (RHT) Stock News
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RHT Latest News, Press Relases and Analysis
Red Hat and Advanced Micro Devices, Inc. (AMD) Strengthen Strategic Collaboration to Advance AI Solutions
We recently published a list of 10 AI Stocks Making Waves This Week. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other AI stocks that are making waves this week. Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data […]
Eagle Materials price target lowered to $242 from $252 at Goldman Sachs
Goldman Sachs analyst Jerry Revich lowered the firm’s price target on Eagle Materials (EXP) to $242 from $252 and keeps a Buy rating on the shares after its Q4 earnings miss. The firm is also reducing its FY26 and FY27 EBITDA estimates to $779M and $846M from $874M and $900M respectively to reflect lower Wallboard margins due to higher shipping costs and higher Cement costs, the analyst tells investors in a research note. Published first on TheFly – the ultimate source for real-time, market-movi
Palantir awarded $795M Army contract modification
Palantir (PLTR) was awarded a $795M modification to a contract for Maven Smart System software licenses. Work locations and funding will be determined with each order, with an estimated completion date of May 28, 2029. Army Contracting Command Aberdeen Proving Ground is the contracting activity. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on PLTR: After a 67% Surge in 2
Red Hat technology reaches new frontier — space
Axiom Space and Red Hat partner for ISS-based data center mission
Red Hat Amphitheater rides banner year with change ahead
F5 and Red Hat Expand AI Collaboration for Secure, Scalable Applications
On May 19, F5, Inc. (NASDAQ:FFIV) announced an enhanced partnership with Red Hat, the leading provider of open-source solutions, aimed at helping enterprises securely deploy and scale high-performance AI applications. The collaboration enables businesses to accelerate retrieval-augmented generation (RAG), model serving, and scalable data ingestion, fostering AI adoption without compromising security. AI deployment is surging, […]
AMD Expands Red Hat Partnership To Power Scalable AI And Hybrid Cloud
AMD announced partnership with Red Hat to boost AI capabilities and modernize virtualization. AMD's GPUs are now supported on Red Hat OpenShift AI.
How tech stalwart IBM is turning into an AI darling
IBM wasn't often mentioned in the same breath as other AI titans, but the company has slowly morphed into one of the darlings of Wall Street's top trade.
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How Australia’s Catholic establishment was ‘shafted’ by the pope and left out of the conclave
For the first time in almost 70 years, the Church’s Australian hierarchy will not have a voice in the election of the next pope.
Why Australia’s Catholic establishment was ‘shafted’ by the pope and left out of the conclave
For the first time in almost 70 years, the Church’s Australian hierarchy will not have a voice in the election of the next pope.
IBM Plans to Invest $150 Billion. Time to Buy the Stock?
The $150 billion investment is over five years, with $30 billion going to mainframe and quantum computing. IBM has grown its stock price and technical capabilities under CEO Arvind Krishna, but revenue growth remains anemic. Investors may need more clarity about how the company will fund this spending.
BNP Paribas extends alliance with IBM Cloud
BNP Paribas will designate new space in its data centres for IBM Cloud, expected to be completed by 2028.
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Eric Trump: 'If banks don’t watch what’s coming, they’ll be extinct in ten years'
"The modern financial system is broken, it's slow, it's expensive," the executive vice president of the Trump Organization told CNBC.
IBM Q1 Earnings Call: AI, Software, and Productivity Initiatives Drive Outperformance
Technology and consulting giant IBM (NYSE:IBM) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales were flat year on year at $14.54 billion. The company expects next quarter’s revenue to be around $16.56 billion, close to analysts’ estimates. Its non-GAAP profit of $1.60 per share was 12% above analysts’ consensus estimates.
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IBM Earnings Underwhelm Investors
David Bahnsen, chief investment officer at The Bahnsen Group, says recent tech results are good news for markets but investors should still be wary of overpaying. Bahnsen joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.” (Source: Bloomberg)
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Why IBM Stock Is Sinking Today
International Business Machines (NYSE: IBM) stock is losing ground Thursday despite posting a better-than-expected first-quarter report yesterday. The company's share price had fallen 7.5% as of 12:15 p.m. ET amid the backdrop of a 1.2% gain for the S&P 500 (SNPINDEX: ^GSPC) and a 1.8% jump for the Nasdaq Composite (NASDAQINDEX: ^IXIC). IBM posted non-GAAP (adjusted) earnings per share of $1.60 on sales of $14.54 billion in the first quarter.
IBM slides as federal spending cuts, uncertain economy impact consulting business
The software and consulting giant said 15 of its government contracts had been shelved due to cost-cutting initiatives by the Trump administration, amounting to roughly $100 million in lost business, a relatively small portion of its consulting backlog. Analysts said IBM's consulting business was particularly vulnerable to these cuts and weak customer spending, given its reliance on government and large enterprise clients. Its results reflected this vulnerability, with the company reporting a 2% drop in revenue from its consulting segment, but IBM maintained its target of at least 5% revenue growth on a constant currency basis in 2025.
Can IBM’s Q1 Earnings Spark a Breakout for the Stock?
IBM leverages its established foundation and strategic shift towards hybrid cloud and AI, presenting a potentially undervalued opportunity for tech investors.
Unpacking Q4 Earnings: IBM (NYSE:IBM) In The Context Of Other IT Services & Consulting Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how IBM (NYSE:IBM) and the rest of the it services & consulting stocks fared in Q4.
NexGen Cloud secures $45m to bolster AI infrastructure
Rather than owning its own data centres, NexGen Cloud offers high-performance computing resources to hyperscalers through long-term agreements.
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How IBM Soared 13% While Markets Sank in Q1 2025
IBM's stock defied market trends with a 13% gain in Q1 2025. Here's how Big Blue pulled off this impressive feat while the S&P 500 struggled.
Big Blue's Big Shift: IBM's Turnaround Bet on Cloud and AI
IBM's focus on hybrid cloud and AI shows progress as strategic shifts and improved financials signal a potential resurgence for the technology giant.
5 things to know before the stock market opens Thursday
Here are five key things investors need to know to start the trading day.
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IT leaders: What’s the gameplan as tech badly outpaces talent?
With the pace of gen AI adoption accelerating across all business sectors and functions, required skills are increasingly in demand — but the people out there able to meet needs are in short supply.
1 Stock Warren Buffett Could Target Next With Berkshire's $334 Billion Cash Pile
Frontier Communications Parent is a merger arbitrage worth exploring.
ORANY Leverages Red Hat Solutions to Boost its Cloud Transformation
Orange teams up with Red Hat to integrate containerized and virtual network functions using Red Hat OpenShift and Red Hat Ansible Automation Platform.
Former NFL player Chris Kluwe arrested after attacking ‘corrupt’ Maga movement
Former NFL punter Chris Kluwe was arrested in California on Tuesday after protesting against what he said was a tribute to the Maga movement
Top Wall Street analysts pick these 3 stocks for attractive dividends
TipRanks' analyst ranking service spotlights three dividend-paying stocks, including International Business Machines and Verizon.
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Red Hat's take on open-source AI: Pragmatism over utopian dreams
The Linux giant envisions AI development that mirrors open-source software's collaborative ethos. That won't be easy.
IBM rallies nearly 14%, heads for best day ever on strong earnings
CEO Arvind Krishna said that the company posted $5 billion in bookings for its generative AI segment.
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IBM Stock Jumps Pre-Market As Analysts Boost Price Targets On AI-Driven Growth In Q4: Retail Bets On Telefonica Quantum Boost
Wall Street hikes price targets on IBM’s stock as AI and Red Hat growth drive earnings, though infrastructure and consulting sales remain weak.
IBM Just Bolstered This Critical Business
In the cloud computing market, IBM's acquisition of Red Hat forms the foundation of its hybrid cloud platform. For large companies and organizations looking to modernize their infrastructures and applications, aiming to save money, remove the burden of legacy tech, or deploy new technologies like AI, IBM's hybrid cloud platform offers a path forward. The company launched its watsonx AI platform last year, providing enterprise clients with a platform for developing, training, deploying, and managing AI models and agents.