IBM Could Grow Market Share as AI Investments Pay Off, Goldman Sachs Says
IBMIBM(IBM) Investopedia·2024-06-25 05:40

Key Takeaways IBM got a "buy" rating from Goldman Sachs analysts, who cited the technology giant's moves to boost long-term growth. The analysts pointed to IBM's gains in infrastructure software, artificial intelligence (AI), and consulting. They suggested IBM could stand to gain market share as its investments in AI bear fruit, among other things. IBM (IBM) shares gained 1.5% Monday after Goldman Sachs analysts initiated coverage with a "buy" rating, citing the software, hardware, and services company’s ef ...