The transition to a cloud-based platform is likely to consolidate and simplify Telefonica's (TEF) technological infrastructure as it aims to "reinvent" itself amid a challenging macroeconomic environment.
Palantir (NYSE: PLTR) and IBM (NYSE: IBM) are two very different types of tech companies. Palantir's market value has tripled since its direct listing last September, thanks to the robust growth of its data mining and AI platforms. IBM, which went public 110 years ago, has lost about a fifth of its value over the past decade as it struggled to grow its legacy businesses.
IBM (IBM) closed the most recent trading day at $138.56, moving +0.78% from the previous trading session.