Surprisingly strong software growth sends IBM stock surging

Core Insights - IBM's stock increased by 9% to $321, surpassing its 50-day average of $302, indicating positive market sentiment [1] - The company's adjusted earnings per share reached $4.52, exceeding Wall Street's expectations of $4.30 [1] - IBM reported sales of $19.69 billion, which also topped analyst estimates, reflecting strong financial performance [1]