IBM rises; launches compact z17 and LinuxONE systems

International Business Machines

07/07/2026 17:25

** Shares of IBM IBM.N rise 4% to $311.50
** The company launches compact IBM z17 and LinuxONE 5 mainframe computers — machines used to process large volumes of transactions
** Marks the first time IBM is offering rack-mount and single-frame systems across its full Z and LinuxONE portfolio
** New systems support up to 82 cores and 18 TB of memory, up about 20% and 12%, respectively, from prior configurations
** IBM says new systems are designed to help enterprises optimize data center space and improve operational efficiency
** Including session's gains, the stock is up about 5.2% YTD

 (Reporting by Anzar Mehraj in Bengaluru)
 ((Anzar.Mehraj@thomsonreuters.com;))