IBM Spends $2.4 Billion On New Power Servers And Partners With Google And Nvidia To Go After Intel

Industry Coverage

After watching its hardware revenues shrink quarter after quarter and announcing a plan to sell its $2.3 billion x86 server business to Lenovo in Jan.,IBM's IBM -0.9% announced a major shift in its servers business behind new Power Systems servers that the company says will be 50 times faster than the ones it’s divesting–while also anchoring a new collaborative data center foundation that includes tech powerhouses Google GOOG -0.54% and Nvidia NVDA -1.07%.