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BBC US Reflecting Pool to be drained as Trump again blames 'vandals' for recent troubles Pessimistic CONSTRUCTION EXECUTIVE Building the Research and Healthcare Facilities of Tomorrow Without Impacting the Progres… Neutral MARKET WATCH Investor assumptions about the AI trade are starting to stretch reality, Goldman Sachs sa… Bearish THE GUARDIAN WORLD NEWS Middle East crisis live: Iranian ambassador warns it will respond to any Israeli attack i… Bearish BBC BUSINESS Who could be the UK's next chancellor? Neutral BUSINESS INSIDER I'm a mom, but I don't like having other kids over. I prefer to meet in a neutral place f… Neutral BUSINESS INSIDER Now we know how much Oracle downsized its head count in the past year — and how much it c… Neutral ABC NEWS Germany's leader pledges to reform a creaking pension system and says 'failure is not an… Neutral THE GUARDIAN US NEWS First Thing: Judge thwarts Trump administration attempt to overthrow LA ‘sanctuary city’ … Bullish CNBC TOP STORIES Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants Bearish CNBC TOP STORIES Buy IBM as investors underappreciate the strength of its software business, says JPMorgan Strong Bullish CBS NEWS Actor James Handy's alleged killer found mentally incompetent for prosecution Pessimistic NEW YORK TIMES BUSINESS Markets Recoil in Global Sell-Off Driven by Tech Stocks Pessimistic WIRED HP OmniBook Ultra 14 Review: The Best Windows Laptop Strong Bullish COINTELEGRAPH Binance’s Yi He warns of alleged impersonation scam, CoinUp denies ties Pessimistic NPR BUSINESS When falling housing prices are good news — and when they're not Bearish COINTELEGRAPH Bitcoin gets new $54K warning as BTC price hits 11-day low on Asia tech sell-off Pessimistic CBS NEWS Millions of bees escape after truck crashes in Texas: "Remain indoors" Bearish THE GUARDIAN WORLD NEWS UK’s former Brexit negotiator says Burnham should ditch much of Starmer’s EU reset if mad… Bearish THE GUARDIAN WORLD NEWS Australia ‘sleepwalking’ into AI crisis and ‘tech bro free-for-all’, says Greens senator Pessimistic BBC US Reflecting Pool to be drained as Trump again blames 'vandals' for recent troubles Pessimistic CONSTRUCTION EXECUTIVE Building the Research and Healthcare Facilities of Tomorrow Without Impacting the Progres… Neutral MARKET WATCH Investor assumptions about the AI trade are starting to stretch reality, Goldman Sachs sa… Bearish THE GUARDIAN WORLD NEWS Middle East crisis live: Iranian ambassador warns it will respond to any Israeli attack i… Bearish BBC BUSINESS Who could be the UK's next chancellor? Neutral BUSINESS INSIDER I'm a mom, but I don't like having other kids over. I prefer to meet in a neutral place f… Neutral BUSINESS INSIDER Now we know how much Oracle downsized its head count in the past year — and how much it c… Neutral ABC NEWS Germany's leader pledges to reform a creaking pension system and says 'failure is not an… Neutral THE GUARDIAN US NEWS First Thing: Judge thwarts Trump administration attempt to overthrow LA ‘sanctuary city’ … Bullish CNBC TOP STORIES Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants Bearish CNBC TOP STORIES Buy IBM as investors underappreciate the strength of its software business, says JPMorgan Strong Bullish CBS NEWS Actor James Handy's alleged killer found mentally incompetent for prosecution Pessimistic NEW YORK TIMES BUSINESS Markets Recoil in Global Sell-Off Driven by Tech Stocks Pessimistic WIRED HP OmniBook Ultra 14 Review: The Best Windows Laptop Strong Bullish COINTELEGRAPH Binance’s Yi He warns of alleged impersonation scam, CoinUp denies ties Pessimistic NPR BUSINESS When falling housing prices are good news — and when they're not Bearish COINTELEGRAPH Bitcoin gets new $54K warning as BTC price hits 11-day low on Asia tech sell-off Pessimistic CBS NEWS Millions of bees escape after truck crashes in Texas: "Remain indoors" Bearish THE GUARDIAN WORLD NEWS UK’s former Brexit negotiator says Burnham should ditch much of Starmer’s EU reset if mad… Bearish THE GUARDIAN WORLD NEWS Australia ‘sleepwalking’ into AI crisis and ‘tech bro free-for-all’, says Greens senator Pessimistic
Tuesday, June 23, 2026
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01 Goldman Sachs Warns AI Trade Valuations Have Detached From Reality BEARISH 02 Oracle Cuts 21,000 Jobs as Tech Giants Accelerate AI-Driven Workforce R… STRONG BULLISH 03 Senate Passes Bipartisan Housing Bill to Curb Investor Hoarding and Boo… STRONG BULLISH 04 JPMorgan Upgrades IBM on Underappreciated Software Business Strength STRONG BULLISH
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Breaking
BBC US Reflecting Pool to be drained as Trump again blames 'vandals' for recent troubles Pessimistic · CONSTRUCTION EXECUTIVE Building the Research and Healthcare Facilities of Tomorrow Without Impacting the Progres… Neutral · MARKET WATCH Investor assumptions about the AI trade are starting to stretch reality, Goldman Sachs sa… Bearish · THE GUARDIAN WORLD NEWS Middle East crisis live: Iranian ambassador warns it will respond to any Israeli attack i… Bearish · BBC BUSINESS Who could be the UK's next chancellor? Neutral · BUSINESS INSIDER I'm a mom, but I don't like having other kids over. I prefer to meet in a neutral place f… Neutral · BUSINESS INSIDER Now we know how much Oracle downsized its head count in the past year — and how much it c… Neutral · ABC NEWS Germany's leader pledges to reform a creaking pension system and says 'failure is not an… Neutral · THE GUARDIAN US NEWS First Thing: Judge thwarts Trump administration attempt to overthrow LA ‘sanctuary city’ … Bullish · CNBC TOP STORIES Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants Bearish · CNBC TOP STORIES Buy IBM as investors underappreciate the strength of its software business, says JPMorgan Bullish · CBS NEWS Actor James Handy's alleged killer found mentally incompetent for prosecution Pessimistic · NEW YORK TIMES BUSINESS Markets Recoil in Global Sell-Off Driven by Tech Stocks Pessimistic · WIRED HP OmniBook Ultra 14 Review: The Best Windows Laptop Bullish · COINTELEGRAPH Binance’s Yi He warns of alleged impersonation scam, CoinUp denies ties Pessimistic · NPR BUSINESS When falling housing prices are good news — and when they're not Bearish · COINTELEGRAPH Bitcoin gets new $54K warning as BTC price hits 11-day low on Asia tech sell-off Pessimistic · CBS NEWS Millions of bees escape after truck crashes in Texas: "Remain indoors" Bearish · THE GUARDIAN WORLD NEWS UK’s former Brexit negotiator says Burnham should ditch much of Starmer’s EU reset if mad… Bearish · THE GUARDIAN WORLD NEWS Australia ‘sleepwalking’ into AI crisis and ‘tech bro free-for-all’, says Greens senator Pessimistic · BBC US Reflecting Pool to be drained as Trump again blames 'vandals' for recent troubles Pessimistic · CONSTRUCTION EXECUTIVE Building the Research and Healthcare Facilities of Tomorrow Without Impacting the Progres… Neutral · MARKET WATCH Investor assumptions about the AI trade are starting to stretch reality, Goldman Sachs sa… Bearish · THE GUARDIAN WORLD NEWS Middle East crisis live: Iranian ambassador warns it will respond to any Israeli attack i… Bearish · BBC BUSINESS Who could be the UK's next chancellor? Neutral · BUSINESS INSIDER I'm a mom, but I don't like having other kids over. I prefer to meet in a neutral place f… Neutral · BUSINESS INSIDER Now we know how much Oracle downsized its head count in the past year — and how much it c… Neutral · ABC NEWS Germany's leader pledges to reform a creaking pension system and says 'failure is not an… Neutral · THE GUARDIAN US NEWS First Thing: Judge thwarts Trump administration attempt to overthrow LA ‘sanctuary city’ … Bullish · CNBC TOP STORIES Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants Bearish · CNBC TOP STORIES Buy IBM as investors underappreciate the strength of its software business, says JPMorgan Bullish · CBS NEWS Actor James Handy's alleged killer found mentally incompetent for prosecution Pessimistic · NEW YORK TIMES BUSINESS Markets Recoil in Global Sell-Off Driven by Tech Stocks Pessimistic · WIRED HP OmniBook Ultra 14 Review: The Best Windows Laptop Bullish · COINTELEGRAPH Binance’s Yi He warns of alleged impersonation scam, CoinUp denies ties Pessimistic · NPR BUSINESS When falling housing prices are good news — and when they're not Bearish · COINTELEGRAPH Bitcoin gets new $54K warning as BTC price hits 11-day low on Asia tech sell-off Pessimistic · CBS NEWS Millions of bees escape after truck crashes in Texas: "Remain indoors" Bearish · THE GUARDIAN WORLD NEWS UK’s former Brexit negotiator says Burnham should ditch much of Starmer’s EU reset if mad… Bearish · THE GUARDIAN WORLD NEWS Australia ‘sleepwalking’ into AI crisis and ‘tech bro free-for-all’, says Greens senator Pessimistic ·
Story 04 Tue, Jun 23 · 7:15 AM
STORY 04 Strong Bullish

JPMorgan Upgrades IBM on Underappreciated Software Business Strength

Strong Bullish ibmsoftwarejpmorgan
Briefing
What's Happening
JPMorgan elevated IBM to overweight from neutral, arguing that the market has systematically undervalued the company's software and hybrid cloud portfolio. The upgrade reflects confidence in IBM's ability to capture enterprise AI spending and recurring software revenue streams.
Market Impact
IBM stock should see technical buying pressure from algorithmic rebalancing following the upgrade. The call positions IBM as a defensive AI play with margin expansion potential, differentiating it from pure-play semiconductor and infrastructure names facing valuation scrutiny.
Broader Implications
JPMorgan's thesis suggests that legacy tech companies with embedded enterprise relationships and software moats may outperform high-growth, high-valuation AI names. This could trigger a rotation toward quality and cash flow generation over speculative growth.
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