International Business Machines (IBM) Stock

IBM, a well-established technology company, is currently experiencing positive momentum. Its stock has risen over 45% in the past year, driven by the growing demand for artificial intelligence (AI) professionals.

Tech stocks, not including semiconductors, have risen sharply, and IBM has gained from AI developments. However, worries about its valuation have led to a downgrade to a hold rating. While IBM's Q3 results showed good software growth, its infrastructure performance was poor, leading to a notable drop in stock price, even though it exceeded earnings expectations.

IBM shared its earnings report 30 days ago. What can we expect for the stock moving forward?

IBM has recently been a popular stock among Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

MELVILLE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of various business continuity solutions for disaster recovery, cloud infrastructure, cyber security, and IT automation for IBM Power systems like IBMi and AIX, has announced that its subsidiary, CloudFirst Europe, has formed a strategic partnership with Brightsolid, a top data center provider in Scotland and part of the DC Thomson group. This partnership is an important move in CloudFirst's growth strategy in the UK and will help the Company better serve its clients in Scotland.

What makes IBM an unexpected leader in AI? Discover how this technology giant is influencing the AI market for businesses.

Gary Cohn, the Vice-chairman of IBM, talks about the tax cuts from 2017, tariffs, and the transition team of Trump on 'The Claman Countdown.'

IBM and UFC have teamed up to create the UFC Insights Engine, which will use IBM's watsonx technology to improve fight analysis across various viewing platforms. This partnership aims to enhance the experience for millions of UFC fans globally. The collaboration combines IBM's AI capabilities with UFC's extensive content reach.

According to IBM CEO Arvind Krishna, if businesses aren't using artificial intelligence in all areas within the next five years, they will be at a significant disadvantage. He shared this insight during the 2024 Invest conference with Yahoo Finance. D.A. Davidson Managing Director Gil Luria also joined Morning Brief Hosts Seana Smith and Brad Smith to talk about IBM's position in the AI landscape and how companies are adopting this new technology.