Workflow
Tech Earnings Breakdown: IBM, Wolfspeed Report Results
IBMIBM(IBM) Schaeffers Investment Research·2025-01-30 15:26

Group 1: Earnings Reports - Meta Platforms and Microsoft are among the big tech companies reporting earnings, alongside IBM and Wolfspeed [1] - IBM exceeded fourth-quarter earnings estimates, driven by increased customer investment in cloud infrastructure for AI technology, resulting in a stock price increase of 12.6% to a record high of 257.44[2]−Wolfspeedreportedasmaller−than−expectedlossforthefiscalsecondquarterandsurpassedrevenueexpectations,butfacedfourprice−targetcutsfromanalysts,withthestockdown0.6257.44 [2] - Wolfspeed reported a smaller-than-expected loss for the fiscal second quarter and surpassed revenue expectations, but faced four price-target cuts from analysts, with the stock down 0.6% at 5.97 [3] Group 2: Stock Performance and Analyst Reactions - IBM received nine price-target hikes, including an increase from BMO to 280from280 from 260, reflecting strong market confidence [2] - Wolfspeed's stock has struggled with overhead pressure at its 40-day moving average since November, showing an 81.8% year-over-year deficit [3] - Both companies are experiencing increased options trading volume, with IBM seeing 14 times its typical volume and Wolfspeed seeing double its usual volume [4]