IBM Gains 35% in the Past Year: Reason to Buy the Stock?
IBMIBM(IBM) ZACKS·2024-09-09 22:40

Buoyed by strong demand for hybrid cloud and AI, International Business Machines Corporation (IBM) has surged 35.3% over the past year compared with the industry’s growth of 24.1%, outperforming peers like Amazon.com, Inc. (AMZN) and Microsoft Corporation (MSFT) .IBM is poised to benefit from healthy demand trends for hybrid cloud and AI, which are driving the Software and Consulting segments. The company’s growth is expected to be aided by analytics, cloud computing and security in the long haul. A combina ...