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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
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IBM Corporation (NYSE:IBM) Gears Up Through Adding Hybrid Cloud Application and Hat Storage Solutions

International Business Machines Corporation (NYSE:IBM) moves down in pre trading session on Thursday as Red Hat storage solutions and Red Hat associate teams will be added to the IBM Storage business segment, offering uniform application and data storage across on-premises infrastructure and cloud.

With the move, IBM will use Red Hat OpenShift Data Cornerstone (ODF) storage technology as the foundation for IBM Spectrum Fusion. This brings together IBM and Red Hat’s container storage solutions for data services, accelerating IBM’s capabilities in the booming Kubernetes platform market.

Furthermore, IBM plans to provide new Ceph solutions that provide uniform and software-defined storage platform that bridges the architectural difference between data centers and cloud providers. This strengthens IBM’s position as the market leader in software defined storage and Kubernetes platform.

Gartner predicts that by 2025, 60% of infrastructure and operations (I&O) executives will have implemented at least one hybrid cloud storage design, up from 20% in 2022. 1 IBM’s software defined storage strategy is “born in the cloud, for the cloud,” enabling bi-directional application and data mobility on a shared, secure, and cloud-scale software defined storage basis.

The general manager of IBM Storage, IBM Systems, Denis Kennelly said for many years, Red Hat and IBM have collaborated closely, and today’s announcement strengthens our cooperation and simplifies their portfolios. By bringing the teams together and combining their products under one roof, they are speeding IBM’s hybrid cloud storage strategy while staying true to Red Hat customers and the open-source community.

Red Hat’s VP of hybrid platforms, Joe Fernandes said Red Hat and IBM share a commitment to the purpose of hybrid cloud-native storage and its ability to help clients change their apps and data. With the acquisition of Red Hat Ceph Storage and the OpenShift Data Foundation by IBM Storage, IBM will assist accelerate open-source storage innovation and extend market potential beyond what any of them could offer on their own. Customers will benefit from a more complete platform with additional hybrid cloud-native storage capabilities, in their opinion.

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company, with a substantial market capitalization of $112.57 billion, has seen its shares trade within a...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading session on Wednesday, September 6, 2023. Investors and market aficionados were eagerly awaiting the tech company's...

Nikola Corp. (NASDAQ: NKLA) Hit by Active Sellers on Profit in ‘Short Squeeze’

Shares of Nikola Corp. (NASDAQ: NKLA) drops in early trading session on Monday as the cutting into paper earnings for traders betting against the electric-vehicle company and setting them up for a short squeeze. According to S3 Partners LLC statistics,...

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