Reported about 15 hours ago
IBM's stock has surged by 37% in 2024 as it gains recognition as a key player in the AI market, driven by long-term contracts for its generative AI platform, watsonx. Despite modest financial results recently, with a 2% year-over-year revenue increase, the company is expected to experience significant growth as new AI features are integrated into its products and as it capitalizes on its robust backlog of contracts. Analysts suggest that investing in IBM now could yield substantial returns before 2025.
Source: YAHOO