On June 3, International Business Machines (IBM) stock was worth $144.36, after 5 days, on June 8, the stock price reached $149.81. That leap can be referred to as a 3% rise. 3 days later the stock price popped by almost 1%, on that day the stock jumped to $151.3. After that day the price was only falling, so the lowest value was on June 18 when it slumped to $143.11.
IBM recently announced the completion of its acquisition of Turbonomic to improve application performance management in a hybrid cloud environment and enhance AI-powered automation capabilities. With the Turbonomic acquisition, IBM will be able to provide customers with AI-powered automation capabilities that range from AIOps (using AI to automate IT operations) to monitoring applications and infrastructure — all built on top of Red Hat OpenShift to run in any hybrid cloud environment.
IBM’s expansion into AIOps comes as more players add AI-powered automation, including Cisco-AppDynamics, Splunk SPLK, Datadog DDOG, Micro Focus, BigPanda, Moogsoft, and PagerDuty.
Finance and Entertainment Reporter
Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.