12 AI Stocks Making Waves on Wall Street

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10. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 57

International Business Machines Corporation (NYSE:IBM) is one of the 12 AI Stocks Making Waves on Wall Street. On July 8, the company announced a new lineup of data center chips and servers. The IBM Power11 is the next generation of IBM® Power® servers redesigned with innovations to deliver speed, reliability, and flexibility that businesses need for seamless hybrid deployment on-premises or in the IBM Cloud.

The move marks IBM’s first major update to its “Power” line of chips since 2020. These Power systems are meant to deliver simplified, always-on operations with hybrid cloud flexibility so that businesses can maintain competitiveness in the AI race.

Offering 99.9999% of uptime, zero planned downtime for system maintenance, and less than one-minute guaranteed ransomware threat detection, the Power11 is a resilient solution that delivers unique value and offers greater business continuity.

The Power systems will be available from July 25 and will not require any planned downtime for software updates. Moreover, their unplanned downtime each year averages just over 30 seconds.

The company intends to integrate Power11 with Spyre, its AI chip, in the fourth quarter of this year.

“IBM Power11 changes the game for enterprise computing. With Power11, clients can accelerate into the AI era with innovations tailored to their most pressing business needs. We are taking advantage of the full IBM stack to deliver hybrid cloud, AI, and automation capabilities while building on our decades-long reputation as a trustworthy hybrid infrastructure for essential workloads.”

-Tom McPherson, GM, Power Systems at IBM.

International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products.

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