Today news
About the same in other media
IBM shares soar 12% to over 10-year high on rosy AI outlook
Reading now: 109
IBM rose 12% to a more than 10-year high on Thursday after the company reported a better-than-expected outlook on its revenue backed by strong demand for its artificial intelligence (AI) services.
Orders from IBM's generative AI business, which includes bookings and sales from services such as those powered by its Watsonx AI platform, doubled in the fourth quarter and is expected to help its revenue grow by around 4%-6% in 2024, the company reported late on Wednesday.
IBM shares rose as high as $194.93, the highest level since June 2013, adding about $19 billion to the company's market capitalization. The stock is now up about 18% year-to-date.
About this in other media
Eicher Motors share price falls over 3% as analysts expect competition to hit Royal Enfield volumes; Should you buy? livemint.com /9 months ago
Jana Small Finance Bank shares list with over 4% discount at ₹396 apiece on BSE livemint.com /9 months ago
Zee Entertainment share price drops over 4% after Q3 results; brokerages cut target; Should you buy? livemint.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
