Dossier
mainframe business
Coverage of mainframe business in the Nexus archive.
- IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’
IBM shares fell 25% as the AI spending boom negatively impacted the business, described as an 'ugly moment for software stocks.' The company is shifting focus from its cyclical mainframe business to its software unit, including the high-margin Red Hat business, which supports cross-cloud application management.
- Fujitsu confirms mainframe biz to die in 2035, in time for quantum AI supercomputers to take over
Fujitsu has confirmed its mainframe business will cease by 2035, signaling a shift toward quantum AI supercomputers. The company is also engaged in defense technology collaborations with Japan, the UK, and Australia aimed at 'contributing to global stability'.