IBM Signs $240 Million Together AI Deal and Joins OpenAI Partner Tier

EarningsM&A · Partnership
โดย Insider Monkey·US·Read original
Summary · why it matters

International Business Machines Corporation announced a multi-year $240 million agreement with Together AI to deploy a massive cluster of NVIDIA HGX B300 systems on IBM Cloud, and separately joined OpenAI's elite partner tier to embed frontier models like GPT-5.6 and Codex into IBM Consulting Advantage. The Together AI deal centers on scaling open-source AI model inference via NVIDIA's Spectrum-X Ethernet networking, while the OpenAI partnership includes deploying specialized engineering units to build enterprise AI workflows and strengthen cyber defense. IBM reported second quarter 2026 revenue of $17.2 billion, missing Wall Street estimates and prompting management to trim full-year revenue growth guidance to 4-5%, though it delivered $2.93 in operating earnings per share and expanded operating pre-tax margins to 19.2%. NVIDIA, by contrast, reported first quarter fiscal 2027 revenue of $81.6 billion, up 85% year-over-year, with Data Center revenue of $75.2 billion and non-GAAP diluted earnings per share of $1.87. Hedge fund data showed IBM holders fell from 63 to 59 in the first quarter of 2026, while NVIDIA holders rose from 264 to 275, with Fisher Asset Management raising its stake by 3% to 90.93 million shares.

Impact on stocks 2

Artificial Intelligence▲ · 2 stocks
International Business Machines
IBM
▲ PositiveDemandCapitalrelevance

IBM signs $240M deal with Together AI and joins OpenAI partner tier, boosting demand for its cloud and consulting services.

NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

IBM's $240M deal with Together AI involves NVIDIA HGX B300 systems, indicating strong demand for NVIDIA's data center products.

Theme Impact 5

Off-coverage companies 2

Together AI, Inc.Private▲ Positive
Demandrelevance

Together AI secures a $240M multi-year agreement with IBM to deploy NVIDIA HGX B300 systems, boosting its cloud infrastructure business.

OpenAIPrivate▲ Positive
Demandrelevance

IBM joins OpenAI's partner tier to embed frontier models like GPT-5.6, expanding OpenAI's enterprise reach.

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