Reported 2 days ago
IBM is reaching new all-time stock highs, prompting discussions about its potential inclusion in the elite group known as the 'Magnificent Seven' alongside tech giants like Apple and Alphabet. Despite a history as a leading technology player, IBM's recent growth is tied to strong free cash flow and its roles in hybrid cloud and generative AI. Analysts highlight that while IBM's current revenue growth expectations may be modest, the company's unique position in consulting and software could fuel its performance moving forward.
Source: YAHOO