After the closing bell on Jan 24, International Business Machines (IBM) reported solid fourth-quarter 2023 results. IBM shares gained as much as 9.5% in the key trading session on Jan 25, 2024. The company ended 2023 on a positive note with strong fourth-quarter results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate. The company witnessed healthy demand for hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth.For full-year 2024, the Zacks ...

In a way, International Business Machines (IBM 9.49%) suffers from being a tech stock with a long history. It isn't necessarily seen as an innovative company, and it's safe to say few consider it to be a true leader or must-hold stock in the crowded sector.So that makes it a bit of a sleeper, particularly in light of its freshly released quarterly earnings report. If the company's projections prove accurate, it's going to have quite the year to celebrate in 2024.A double beat, combined with strong guidanceI ...

JHVEPhoto In 1997, a New York City chess match changed the world. The opponents: World chess champion Garry Kasparov and International Business Machines Corporation's (NYSE:IBM) Deep Blue computer program. Deep Blue squeaked out a win against Kasparov as the world watched, symbolically ending the age of man and beginning the age of machine. IBM stock soared over the remainder of 1997, 1998, and 1999. However, today, you would have done better investing in companies far more mundane, and a little better by s ...

Quantum computing stocks could be the newest trend in the technology space. The reason I’m bullish on these companies is that the shift from classical to quantum computing could be dramatic. It will unlock the needed processing power for us to make large strides in the fields of AI, healthcare, robotics, and just about every field you can think of.Quantum machines are expected to be exponentially more powerful than classical computers, which will allow us to harness more complex algorithms and potentially r ...

Over the past year, the biggest tech companies — from Microsoft Corp. to Nvidia Corp. to Alphabet Inc. — have dominated the AI conversation. Now, analysts say investors are overlooking AI’s potential for one of the oldest: International Business Machines Corp. That take from Wall Street arrived after IBM IBM, +9.90% on Wednesday said customer demand for AI was “accelerating” and forecast better-than-expected free cash flow for this year. Fourth-quarter profit for the company — which sells software, consulti ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

International Business Machines (IBM 11.70%) released its fourth-quarter results after the close of trading Wednesday, delivering numbers for the period that beat analysts' estimates. Management also provided an optimistic outlook for revenue and cash flow in 2024. In response, investors cheered, sending shares of IBM more than higher 10% as of 10 a.m. ET Thursday.2023 ended strong, and 2024 looks even betterIBM is one of the original tech giants, and the company in recent years has evolved toward a focus o ...

The Dow is up triple digits this morning, and a lot of it has to do with IBM Corp (NYSE:IBM). The stock is up 10.2% to trade at $191.58 at last check, after the tech titan reported adjusted earnings of $3.87 per share on $17.38 billion in revenue for the fourth quarter, both of which exceeded analyst estimates. IBM also reported upbeat guidance for 2024 thanks to increased demand for its artificial intelligence (AI) software. In response, no fewer than six brokerages have upped their price target, the highe ...

International Business Machines Corporation (IBM) ended 2023 on a positive note with strong fourth-quarter results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate. The company witnessed healthy demand for hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth.Net IncomeOn a GAAP basis, net income from continuing operations was $3,285 million or $3.54 per share compared with $2,711 million or $3.13 per share in the year-ago quarter. The improv ...

Key TakeawaysIBM shares gained after delivering better-than-expected fourth quarter earnings and full-year revenue guidance, driven by demand for its AI products and services.The company said its generative AI book of business doubled from the third quarter, benefiting from a number of lucrative consulting and software deals.IBM shares could be set to breakout from a rising wedge pattern, nearing in on their record high around $200. International Business Machines Corporation Source: TradingView.comShare ...