IBM's ‘accelerating' AI demand helps power stock higher after earnings

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 ...