The latest trading day saw IBM (IBM) settling at $221.93, representing a -0.64% change from its previous close.
A skeptical market is finally starting to see International Business Machines (IBM -0.25%) as a leading name in the artificial intelligence (AI) market. As a result, IBM's stock has gained a market-beating 37% in 2024 -- or 44% if you look at total returns with reinvested dividends.
Lockheed Martin is set to incorporate International Business Machines' Granite Large Language Models to expedite AI innovation in aerospace and defense domains.
Melius Research analyst Ben Reitzes says IBM's quantum computing practice dates back to the 1980s
Recently, Zacks.com users have been paying close attention to IBM (IBM). This makes it worthwhile to examine what the stock has in store.
IBM (IBM) concluded the recent trading session at $230.12, signifying a -0.69% move from its prior day's close.
Gary Cohn, IBM vice chairman and former NEC director and Goldman Sachs president, joins 'Money Movers' to discuss the market's optimism following Trump's election victory, the potential negative impact of tariffs, and Cohn's expectations on an extension of the first round of Trump tax cuts.
IBM shares have risen 20% since the last time I wrote on them, driven by market recognition of their key role in the AI revolution as an AI model implementer. Strategic partnerships with Amazon Web Services and AMD, focusing on AI and GPU technologies, position IBM for significant growth. IBM's 2025 outlook is strong due to their integration of AI technologies and open-source models, despite conservative Wall Street growth estimates.
International Business Machines forms a collaboration with defense and security intelligence provider Janes to support AI integration in defense applications.
IBM is expected to outperform the S&P 500 in 2024, driven by its GenAI advancements and strong management decisions. The Software segment, particularly through Red Hat and automation tools, is achieving rare double-digit growth, boosting overall company performance. Despite conservative guidance, IBM's free cash flow projections for 2024 are optimistic, potentially reaching $13 billion, indicating further upside.
IBM (IBM) closed at $234.75 in the latest trading session, marking a +0.54% move from the prior day.
IBM (IBM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.