International Business Machines Corp.’s stock was riding about 5% higher in Wednesday’s extended session after the technology giant topped profit expectations for the latest quarter and called out an uptick in artificial-intelligence demand. The company posted net income of $3.3 billion, or $3.55 a share, compared with $2.9 billion, or $2.96 a share, in the year-earlier period. On an adjusted basis, IBM IBM, -0.01% earned $3.87 a share from continuing operatings, whereas analysts were modeling $3.79 a share ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

IBM CEO Arvind Krishna speaks during the Business 20 (B-20) Summit in New Delhi on Aug. 25, 2023.IBM shares rose 6% in extended trading on Wednesday after the tech and services provider announced fourth-quarter results that exceeded Wall Street's expectations.Here's how the company did, compared to the consensus among analysts surveyed by LSEG:Earnings: $3.87 per share, adjusted, vs. $3.78 per share expected.Revenue: $17.38 billion, vs. $17.30 billion expected.IBM's revenue increased 4% year over year for t ...

Today, iconic computing company IBM announced its fourth quarter and year-end 2023 financial results.IBM’s revenue increased, as did its profits, both year-on-year and quarter-on-quarter. Ahead of the announcement, expectations from the market reflected the assumption that IBM would continue to focus on its software in order to better position it for a coming AI cash cow, which is not yet bearing fruit.Great expectations? Copy link to sectionThe reported results were broadly in line with market expectations ...

The “Dogs of the Dow” strategy consists of investing in the 10 highest-yielding stocks in the Dow Jones Industrial Average. Purchasing the Dogs of the Dow creates higher dividend income, by focusing on high-yielding stocks.The following three stocks are part of the 10 Dogs of the Dow for 2024. They are not the highest-yielding Dow stocks, but they are among the top 10 and also have strong dividend growth potential in the years ahead.3M (MMM)Source: Pavel Kapysh / Shutterstock.com Large3M (NYSE:MMM) is a div ...

While Wall Street seemingly can’t get enough of artificial intelligence, a paradigm shift in the computing ecosystem could draw more eyeballs to quantum computing stocks. According to Investopedia, the underlying arena leverages the principle of quantum theory, which “explains the behavior of energy and material on the atomic and subatomic levels.”Now, we don’t need to turn this article into a science journal. However, when one of the fascinating components of quantum mechanics is the ability for particles ...

Sevilla FC introduce Scout Advisor, an innovative tool built on IBM's watsonx platform, to enhance player recruitment process. "Scout Advisor" is designed to unlock the full potential of Sevilla FC extensive players database to create new competitive advantages. watsonx enables Sevilla FC to bridge the gap between traditional human-centric and data-driven scouting in the identification and characterization of potential recruits. MADRID, Jan. 23, 2024 /PRNewswire/ -- IBM (NYSE: IBM) and Sevilla FC today int ...

It's 2024, and the stock market has been fascinated with artificial intelligence (AI) for a full year now. Stocks seen as direct plays on the AI trend have skyrocketed, especially if they have an early lead in some subsector of the AI revolution.For instance, shares of AI-chip pioneer Nvidia (NVDA 4.17%) have more than tripled in 52 weeks. AI-based cybersecurity expert CrowdStrike Holdings (CRWD 2.62%) soared 177% higher over the same period. Data analytics specialist Palantir (PLTR 2.32%) made a 134% jump, ...

International Business Machines (IBM 2.78%) has notably lagged behind its more glamorous peers in the tech sector. That wasn't necessarily the case on Friday with its stock, as the shares rushed to close nearly 3% higher. This was more than double the 1.2% rate the S&P 500 index rose on the day. A researcher's upgrade was the key reason for the pronounced upward move.Evercore ISI raises IBM to the equivalent of buyThe IBM upgrader was a team of Evercore ISI analysts led by Amit Daryanani, which changed thei ...

Plenty of tech stocks saw their prices rise in 2023 thanks to the popularity of artificial intelligence (AI). One of the beneficiaries of Wall Street's AI infatuation is International Business Machines (IBM 2.78%). IBM's stock hit a 52-week low of $120.55 last May and steadily rose to a high of $166.34 in December. At the start of 2024, IBM share prices remain near their 52-week high.Is it too late to buy IBM stock now? Have investors already missed out on the gains? A closer look at the company and its sto ...