Watch These IBM Price Levels as Stock Soars After AI Drives Strong Earnings

Earnings and AI Business Growth - IBM shares surged 12% to $256 after posting better-than-expected Q4 earnings, driven by strong performance in its AI business [2] - The company's generative AI book of business grew by nearly $2 billion from the previous quarter, reflecting global client demand for AI-driven enterprise solutions [3] - IBM's software segment revenue increased by 10.4% YoY, marking its largest jump in five years, offsetting weaker performance in consulting and infrastructure [3] Stock Performance and Technical Analysis - IBM shares hit a record high near $262 and have gained 36% over the past year, outperforming the S&P 500 [4] - The stock is poised for a breakaway gap above the top trendline of an ascending triangle pattern, indicating bullish momentum [5][10] - Technical analysis suggests two upside price targets: $278 based on the measuring principle and $305 using bars pattern analysis, with the uptrend potentially lasting until May [7][9][10] Key Support Level - Investors should monitor the $238 level as a key support area, which may attract buying interest during pullbacks and could transition from resistance to support [10][11]