Mon, February 3, 2025
Sun, February 2, 2025
[ Sun, Feb 02nd ] - Newsweek
Russia-Ukraine War
Sat, February 1, 2025
Fri, January 31, 2025
Thu, January 30, 2025

IBM stock rockets to new all-time high on AI bookings


//stocks-investing.news-articles.net/content/202 .. rockets-to-new-all-time-high-on-ai-bookings.html
Published in Stocks and Investing on Friday, January 31st 2025 at 6:41 GMT by FXStreet   Print publication without navigation

  • Evercore raised its price tag on IBM stock from $240 to $275, retaining its Outperform rating. Software, however, appears to be the only growth business. It reported $7.9 billion in revenue in Q4, up 10% YoY.

IBM's stock surged to a new all-time high following the announcement of significant AI-related bookings in the last quarter of 2024. The company reported a 6% year-over-year revenue increase, reaching $17.38 billion, with AI being a key driver. IBM's CEO, Arvind Krishna, highlighted the company's strategic focus on AI, particularly through its watsonx platform, which has seen substantial adoption across various industries. This growth in AI bookings not only reflects IBM's successful pivot towards AI and cloud computing but also underscores the increasing market demand for AI solutions. The positive market reaction was further fueled by IBM's optimistic outlook for 2025, projecting continued growth in AI and hybrid cloud sectors.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/ibm-stock-rockets-to-new-all-time-high-on-ai-bookings-202501301725 ]

Publication Contributing Sources