IBM's (IBM) AI bookings grew by over $2 billion in the second quarter, contributing to its earnings beat reported on Wednesday. Synovus vice president and senior portfolio manager Dan Morgan told Yahoo Finance that International Business Machines just has "a different strategy towards AI and cloud than a lot of these other companies do." The Morning Brief team examines IBM's earnings figures out from its software and generative AI segments. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The major market averages (^DJI, ^IXIC, ^GSPC) linger around their flatlines at Thursday's market open. The indexes hope to recover from yesterday's selloff that saw the Nasdaq Composite fall by over 3.6% Seana Smith and Jared Blikre examine how equities are responding to the second quarter GDP (gross domestic product) print that saw the US economy grow by 2.8% this past quarter. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Israeli authorities have warned French officials of an alleged plot to attack Israeli athletes at the Olympic games opening Friday.
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