Why IBM Stock Was Up 14% Today

Category: Finance

IBM's stock rose 13.6% after beating sales and earnings expectations, reporting $3.92 per share adjusted profit and $17.56 billion in sales for Q4 2024. Despite a 1% sales growth and a 13% decline in year-over-year earnings, CEO Arvind Krishna highlighted strong performance in generative AI and positive cash flow. However, concerns remain about the company's growth rate, with revenue expected to increase by only 5% this year.

Keywords: IBM, AI technology, stock market

Source: Motley Fool

Update At: 1/31/2025

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