Tag IBM

Shares of tech legend International Business Machines (NYSE: IBM) rose a respectable 2.9% through 12:05 p.m. ET after the company reported mixed earnings for its fiscal second quarter 2023. Wall Street didn't mind the revenue miss, however, with The Fly reporting that three separate analysts (Bank of America, BMO Capital, and Stifel) all hiked their price targets on the stock after earnings. After all, while IBM's sales declined 0.4% year over year, this was mainly because of currency exchange rates...

On its earnings call Wednesday, the company highlighted the opportunity for Watson X, its new platform for enterprise AI applications...

IBM shares gained after the technology giant beat earnings estimates as productivity rose following layoffs and emphasized client demand for its AI products...

Q2 2023 International Business Machines Corp Earnings Call...

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