Tech giant IBM (IBM) recently announced new upgrades to its Storage Scale System 6000, which will make it easier for companies to handle large amounts of data. Notably, this system brings together data from different locations (like cloud servers, office computers, and remote sites), so teams can access it all in one place. By doing this, companies can run AI tasks faster without delays caused by scattered or slow data systems.
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In addition, the upgraded version now stores up to three times more data (47 million gigabytes, or 47 petabytes, in one rack) by using new high-capacity flash drives. IBM is also releasing new software that helps manage different types of storage and speed up data access, while keeping information safe. With the help of advanced tools like Nvidia’s (NVDA) networking hardware, companies can train AI models quickly and complete complex jobs more smoothly with less energy.
Moreover, IBM is launching a new add-on box called the All-Flash Expansion Enclosure, which gives companies even more space and speed for data-heavy tasks like AI training and scientific computing. Interestingly, this box is designed so that service providers can separate customer data safely while still running everything efficiently. The software update will be available on December 9, and the new storage box will be released on December 12.
Is IBM a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, five Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $295.18 per share implies that shares are trading near fair value.
