IBM delivered better-than-expected fourth-quarter results and unveiled its big bets on artificial intelligence strategies and offerings.
IBM stock, with 45% returns since the beginning of 2024, has outperformed the S&P 500 index, up 27%. Strong demand trends for its software business has driven its stock price growth lately. But, if you want upside with a smoother ride than an individual stock,
Arvind Krishna told financial analysts that IBM investments in AI and consulting will help drive the company’s business going forward.
IBM's Q4 report shows strong growth, driven by GenAI tailwinds, with AI bookings exceeding $5 billion. See why I reiterate my buy rating for IBM stock.
AI momentum, Red Hat acceleration and HashiCorp updates are among the most likely topics on IBM 4Q 2024 earnings report.
Meta enjoyed a record Q4, with Microsoft also reporting strong results – although missing analyst expectations.
IBM Corp. met analysts’ revenue estimates in the fourth quarter, but investors chose to focus on profit and a strong 2025 forecast, sending shares up nearly 9% in after-hours trading. Revenue rose 2% on a constant currency bases,
IBM surpassed analysts' estimates for fourth-quarter profit on Wednesday, driven by demand in its high-margin software unit as businesses ramped up IT spending, sending its shares soaring about 10 per cent in extended trading.
IBM added that the company continues to 'gain momentum' in the generative AI business, with one-fifth of the AI business coming from Software, and the remaining from Consulting.
International Business Machines Inc. (IBM) stock rocketed over 9% in pre-market trading on Thursday as retail sentiment remained ‘bullish’ on Stockwits after the tech infrastructure giant reported a fourth-quarter earnings beat,
Stock futures are mixed Thursday morning as investors react to a barrage of earnings reports from major companies and important economic indicators.