IBM Stock Jumps, Leads S&P 500 Gainers, on Results, Open-Source AI Strategy
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IBM shares surged 13% after the company reported strong fourth-quarter results, driven by its AI-enabled business. This performance led IBM to be the top gainer in the S&P 500.
January 30, 2025 | 5:00 pm
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IBM's stock jumped 13% following better-than-expected Q4 results, primarily due to growth in its AI-enabled business, positioning it as the top gainer in the S&P 500.
IBM's strong Q4 results exceeded analyst expectations, largely due to its AI-enabled business. This positive performance led to a significant 13% increase in its stock price, making it the top gainer in the S&P 500. The market's positive reaction indicates a likely short-term upward trend in IBM's stock price.
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