IBM has announced IBM LinuxONE 4 Express, extending the latest performance, security and AI capabilities of LinuxONE to small and medium sized businesses and within new data center environments. The pre-configured rack mount system is designed to offer cost savings and to remove client guess work when spinning up workloads quickly and getting started with the platform to address new and traditional use cases such as digital assets, medical imaging with AI, and workload consolidation.

Building an integrated hybrid cloud strategy for today and years to come
As businesses move their products and services online quickly, oftentimes, they are left with a hybrid cloud environment created by default, with siloed stacks that are not conducive to alignment across businesses or the introduction of AI. In a recent IBM IBV survey, 84% of executives asked acknowledged their enterprise struggles in eliminating silo-to-silo handoffs. And 78% of responding executives said that an inadequate operating model impedes successful adoption of their multicloud platform. With the pressure to accelerate and scale the impact of data and AI across the enterprise - and improve business outcomes - another approach that organizations can take is to more carefully identify which workloads should be on-premises vs in the cloud.

Financial analysts at HSBC, the largest bank in Europe, have become very excited this week about NVIDIA's stock prospects. They have established that the American multinational technology company is set to grow due to an increased demand globally for hardware relating to artificial intelligence (AI) processing. HSBC's team of analysts have raised the recommendation on Nvidia stock (NASDAQ:NVDA) to "Buy" from "Reduce" - the reason being that AI business segments are on the rise and NVIDIA is well positioned to meet demand which: "more than offsets our previous concerns over a datacenter slowdown and rising inventory levels."

HSBC's price target on NVIDIA stock has more than doubled to $355 per share (from the previous $175), and the analysts claim that their past estimates were wrong and undervalued because of wider market trends in the server business: "We were too focused on the slowdown in datacenters, but what really surprised us was its pricing power on AI chips." Hence the analysts' call to double the NVIDIA stock target, in anticipation of excellent fiscal performance going into 2024. News reports point out an immediate 4.1% jump in stock following HSBC's recommendations. The chipmaker's shares have surged up to 140%, its highest position in a year, from a low period in October 2022.