IBM Lands $240M AI Infrastructure Deal with Together AI, Deploying NVIDIA B300 Cluster
IBM sits 19% above its 52-week low of $199.19.
Summary
IBM signed a multi-year $240M agreement with Together AI to deploy a large cluster of NVIDIA HGX B300 systems on IBM Cloud, targeting availability in Q1 2027. Together AI will use the cluster for open-source model inference, tapping into its platform that already serves 400 trillion tokens monthly. The deal follows IBM's recent quantum computing push and a tough Q2 that saw shares plunge 25% on weak guidance. This partnership signals demand for IBM's AI infrastructure and could help offset the software-to-AI spending shift that hurt recent results. Together AI's $800M Series C at an $8.3B valuation underscores the scale of the opportunity.
At the time of this announcement, IBM was trading at $236.49 on NYSE in the Technology sector, with a market capitalization of approximately $222.6B. The 52-week trading range was $199.19 to $332.46. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.