IBM's (IBM -1.58%) stock price rallied 9% to an 11-year high on Jan. 25 after the tech giant posted its fourth-quarter earnings report. Its revenue rose 4% year over year to $17.4 billion, which exceeded analysts' estimates by $100 million. Its adjusted earnings grew 8% to $3.87 per share and also cleared the consensus forecast by $0.07 per share.That earnings beat suggests that IBM's turnaround efforts under CEO Arvind Krishna, who took the helm in April 2020, are finally bearing fruit. But can Big Blue ev ...

International Business Machines (IBM -1.58%), a company that has been largely written off by investors over the past decade, is having a moment. A yearslong transformation effort has rejiggered the company's portfolio, aligning it on two priorities: Hybrid cloud computing and artificial intelligence. In both areas, IBM's strength lies in its ability to offer full-scale solutions to its enterprise clients.AI is still a small business for IBM, but it's growing incredibly fast. The company's secret weapon is i ...

Thanks to excitement about opportunities in AI and improving business results, IBM (IBM -1.58%) stock has rallied roughly 22% over the last year. The company's share price now trades in the neighborhood of a five-year high, but its performance across the stretch has still lagged far behind the S&P 500 index's gains over the last half-decade.Is Big Blue an overlooked AI stock that's still trading at deep-value prices? If you're thinking about investing in IBM or already own its shares, read on to see why two ...

Dividends provide many clear benefits, including a passive income stream, the ability to reap maximum returns through dividend reinvestment, and a buffer against drawdowns in other positions.Many investors pivot to the Dividend Aristocrats when looking to generate an income stream. After all, it’s easy to understand why – these companies have upped their payouts for at least 25 consecutive years, which displays their reliability.Currently, several members of the club, including IBM (IBM) , PepsiCo (PEP) , a ...

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 ...