International Business Machines (IBM) — the peer cohort

Long reads

• AI Users — Builders Up 66%, the Companies Using AI FlatReport · 25 Oct 2026Seven names are implementers — Accenture, Capgemini, Infosys, Tata Consultancy Services, Cognizant, IBM and Genpact.
• Cybersecurity — Sold on Price, Bought on FlowWeekly Signal · 13 Sept 2026IBM (243.29, +3.6%), named in the digest for its models partnership, is −18% on the year and −26% off its June high; the flow scan does not cover it.
• Enterprise AI — The Control PointReport · 4 Aug 2026
• AI Capex — The Tell Fired TwiceWeekly Signal · 26 Jul 2026The post-print window — Wednesday's close to Friday's, the two sessions after Alphabet, ServiceNow, IBM, Tesla, SAP and Intel reported — ran the opposite tape, and that one carries the information: Rubin −4.3% · Agentic Infrastructure…
• Forward-Deployed Engineers: The Human Infrastructure Layer of Agentic AIReport · 9 Jul 2026IBM (22 Jul 2026, Q2 earnings call) committed 8,000 forward-deployed engineers to installing AI inside client enterprises — the largest single FDE commitment of the series, surpassing AWS's $1 billion organization three weeks after it…
• AI Models — The Model Is Not the Moat · Closelooknet Heresy XIHeresy · 4 Jul 2026The public-market exposure is adjacency: Datadog, Dynatrace, Elastic, Cloudflare, Snowflake, GitLab, ServiceNow, Atlassian, Cisco/Splunk, Microsoft, Alphabet, Amazon — and, from §10, IBM, NVIDIA and Palantir, with Databricks if…

101 and glossary

• AI Users — The Companies Putting AI to Work101The last section holds the IT firms — Accenture, Infosys, IBM and others — that bring AI into client businesses.

Dailies

• AI Fade — Health and IT Services LeadDaily Pulse · 5 Nov 2026Implementation & Service Delivery — Accenture, Capgemini, Cognizant, IBM, Genpact, Infosys and Tata Consultancy — is the strongest group since June, up 40.5%.
• Alphabet — Sold on the Cash LineDaily Pulse · 29 Oct 2026Last week five big-tech reporters, SAP, IBM, Tesla, Meta and Lam Research, all beat expectations and none was paid.
• Earnings — five big-tech beats, none rewarded; Celestica +17% after hours, Kospi +3.1% into the FedMorning 10 · 27 Oct 2026Meta finished 9.6% below its pre-report close and Lam Research 8.9% below — both after double beats — while SAP (+2.5%), IBM (+0.8%) and Tesla (+1.3%) ended in the flat middle band, Tesla only because Monday's 5%+ rally pulled it back…
• Big Tech Week — Brazil ETF −15% on Lula's win, Musk calls a neocloud die-off, Kospi −1.5%; verdicts tonightMorning 10 · 26 Oct 2026As of Friday: Lam Research −11.8% from its 260.81 entry, Meta −7.9% from 697.52, Tesla −3.7% from 386.47 (just inside sold), IBM +0.8% from 251.46 (flat), SAP +2.3% from 232.73 — Thursday's one paid report slipped below the +3% line on…
• Brazil — EWZ −20% on Lula while the chips bounce 3.5% and Tesla rallies out of its sold zoneMidday 10 · 26 Oct 2026Where the five windows stand with ninety minutes of tape left: Tesla +1.9% (flipped to flat on today's rally), SAP +2.0% (flat — the paid line at 239.71 is one percent away), IBM +0.9% (flat), Meta −9.2% and Lam −8.5% (both sold, no…
• AI Trade — the users give back half their bid as chips bounce 1%; energy hits a 52-week highMidday 10 · 23 Oct 2026With Monday's close as the grade: SAP sits 3.2% above its entry close (just above the paid line), IBM 0.4% above (flat), Tesla 2.6% below — back inside the flat band from −3.1% on Thursday — while Meta (−7.4%, 645.99) and Lam Research…
• Chips — the washout hits 7%, Asia refuses to follow, and oil funds close at 52-week highsMorning 10 · 23 Oct 2026Two sessions before Monday's grading, the five reaction windows have spread across the whole scale: SAP +3.4% from its entry close (just above the paid line), IBM +0.3% (the entire 4.6% after-hours drop clawed back), Tesla −3.1% (a hair…
• Asia — sea of red: Kospi −4%, SK Hynix −6.5%, Taiwan and Hong Kong follow after a sold earnings nightMorning 10 · 22 Oct 2026The trigger came overnight: four of five US reporters beat estimates and three trade lower anyway — Lam Research −7.2%, IBM −4.6%, Tesla −3.3% — while Meta (+2.2%) and SAP hold green.