IBM (IBM) trades at a new all time high. Big Blue is higher after announcing a partnership with Anthropic to use their artificial intelligence models in IBM’s software. IBM has been on a long transition from an old mainframe company, selling its PC business in 2005 to become more of a consulting and software firm.

 Oracle’s (ORCL) AI build out may not be that profitable. The stock is down 5% as a report from The Information raised questions about the company’s plans to buy billions of Nvidia chips to rent as a cloud provider to clients like OpenAI. The report said that Oracle’s transformation into a cloud and artificial intelligence company may have profitability challenges due to the price of Nvidia’s chips and the aggressive pricing on its AI chip rentals.

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