Home / Tech & Systems / International Business Machines (NYSE:IBM) Become First Company To Offer NVIDIA Tesla M60 GPU Accelerator In Cloud

International Business Machines (NYSE:IBM) Become First Company To Offer NVIDIA Tesla M60 GPU Accelerator In Cloud

International Business Machines Corporation (NYSE:IBM) [Trend Analysis] has kept up with the changing appetite, stock shows upbeat performance moved up around 1.60% in early session and then traded at $147.25. IBM (NYSE:IBM) declared that it has become first company to offer the NVIDIA Tesla M60 GPU accelerator in the cloud, giving companies of all sizes easier and more affordable access to the latest virtual desktop applications with no compromise to performance.

IBM continues to be in lock step with NVIDIA in bringing its latest GPU technology to the cloud. The Tesla M60 joins other NVIDIA GPU offerings on IBM Cloud, including the Tesla K80 and Tesla K10 GPUs, which accelerate deep learning, data analytics and high performance computing (HPC) workloads.

By adding Tesla M60 GPU accelerators to other NVIDIA GPU offerings on IBM Cloud, customers can deploy fewer, more powerful cloud servers while churning through complex jobs faster. They can speed through a range of compute-intensive workloads, including data analytics, graphics, energy exploration and deep learning/artificial intelligence.

Moving toward the volatility measures, the price volatility of stock was 1.62% for a week and 1.62% for a month as well as price volatility’s Average True Range for 14 days was 2.67. The beta, which indicates risk in relegation to the market, remained 0.70. The firm past twelve months price to sales ratio was 1.75 and price to cash ratio remained 9.52. As far as the returns are concern, the return on equity was recorded as 91.70% and return on investment was 24.70%, while its return on asset stayed at 11.40%.

Major bullish and bearish trends reflect in rating research, from pool of WSJ analyst gave 168.00 as a highest price target, medium point hits to 150.00, while the lowest share price targets assigned 110.00. The data compelled by Wall Street Journal average suggest average price target would by 143.41, where as current price stood at 147.25. ¬†Moderately analysts issue miscellaneous recommendation for IBM, as 5 experts rated as “BUY” security, 1 analyst have faith on stocks as “Overweight,” moreover 14 experts rated as “Hold”.

The liquidity measure in recent quarter results of company was recorded 1.40 as current ratio, on the other side the debt to equity ratio was 3.05. The Company has gross margin of 49.40% and profit margin was positive 15.90% in trailing twelve months.

International Business Machines Corporation (NYSE:IBM) is ahead its 52 week low with 27.28%and going down from its 52 week high price with -12.37%. The company’s shares performance for the last one month was -0.42% and -0.32% in the previous week. The stock price of firm is moving up from its 20 days moving average with 0.31% and remote isolated positively from 50 days moving average with 0.37%.


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