IBM Stock Jumps, Leads S&P 500 Gainers, on Results, Open-Source AI Strategy

Category: Finance

IBM shares surged 13% following strong fourth-quarter results, with adjusted EPS of $3.92 and revenue of $17.55 billion. The company's generative AI business grew by nearly $2 billion quarter over quarter, reaching over $5 billion in total. CEO Arvind Krishna emphasized the scalability of IBM's AI products built on open source technology.

Keywords: IBM, AI, Earnings Report

Source: Investopedia

Update At: 1/31/2025

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