Why IBM Stock Soared 16% in September
A tailwind from the artificial intelligence (AI) boom, along with an apparent breakthrough in quantum computing, helped push IBM (NYSE: IBM) stock back to near-record levels in September. IBM stock gained 15.9% last month, according to data provided by S&P Global Market Intelligence, largely erasing the losses suffered over the summer.
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IBM's AI business doesn't generate a lot of headlines, but the company has quietly become a powerhouse in the industry by focusing on enterprise solutions. IBM has booked more than $7.5 billion worth of generative AI business so far. The combination of consulting and software, as well as various strategic partnerships with other technology companies, allows IBM to offer complete AI solutions that include integration and implementation services, and that use the third-party cloud platforms that enterprise clients have already embraced.
Source Fool.com
International Business Machines Corp Stock
Our community is currently high on International Business Machines Corp with 28 Buy predictions and 5 Sell predictions.
With a target price of 263 € there is a slightly positive potential of 1.45% for International Business Machines Corp compared to the current price of 259.25 €.
