IBM Soars 32% in the Past Year: Should the Stock Be in Your Portfolio?

Riding on a strong demand for hybrid cloud and AI (artificial intelligence) products, International Business Machines Corporation (IBM) has surged 31.7% over the past year against the industry's decline of 17.2%, outperforming peers like Microsoft Corporation (MSFT) and Amazon.com, Inc. (AMZN) . Despite the rising adoption of enterprise capabilities of Azure OpenAI and Amazon Web Services, both Microsoft and Amazon are lagging behind IBM in terms of price performance. While Microsoft declined 10.9% over the ...