Tag IBM

IBM's turnaround story continues as CEO Arvind Krishna's strategic focus on hybrid cloud and AI drives growth, reflected in strong Q2 results. Read more here...

International Business Machines has focused on generative AI for enterprise applications and identified promising use cases. Learn more about IBM stock here...

The S&P 500 lost almost 1%, while the Dow and Nasdaq also fell on Wednesday, Sept. 20, 2023, after the Federal Reserve indicated it could raise interest rates again this year...

Arm Holdings (ARM) shares close lower on Wednesday as ARK Invest Founder Cathie Wood notably avoided the chipmaker's IPO, stating there's "too much emphasis on AI." Instacart (CART) stock falls by over 10% to close out its first full trading day. Lastly, RBC analysts initiate coverage on IBM, rating it at "Outperform" with a price target of $188. Yahoo Finance Live's Akiko Fujita and Josh Lipton highlight some of the top trending stocks after Wednesday's closing bell at the New York Stock Exchange. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...

The reason for IBM's rise was a rare outperform rating given on the stock in a new initiation by a Wall Street sell-side equity analyst. Investors and Wall Street seem to have been lulled into a pessimistic take on IBM after years of seeing its business disrupted by Silicon Valley cloud companies. Today, analyst Matthew Swanson of Wall Street firm RBC Capital initiated IBM with an outperform rating (just the eighth analyst out of 26 with the equivalent of a buy rating) and a $188 price target, which is a street-high target on Big Blue...

Shares of International Business Machines Corp. (NYSE:IBM) managed to defy a generally disappointing trading session, climbing by 2.26% to reach $149.83 on Wednesday. This came as a second successive day of gains for the tech giant, even as major indices such as the S&P 500 and Dow Jones Industrial Average recorded declines of 0.94% and 0.22%, settling at 4,402.20 and 34,440.88, respectively...

IBM 's stock (NYSE:IBM) experienced a significant surge on Wednesday, peaking at a 3.7% increase before settling at a 2.8% gain by 1:05 p.m. ET. The rise in the stock value is attributed to an outperform rating assigned by Matthew Swanson, an analyst from RBC Capital, marking a shift in the company's outlook...

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