From Yahoo Finance: 2025-05-07 20:00:00

IBM’s focus on AI is paying off with new products and services unveiled at its Think conference. CEO Arvind Krishna highlighted the $6 billion generative AI business. Analysts believe IBM’s transformation is just beginning, with a strategy similar to Microsoft’s shift. The company’s stock is up 14% this year, outperforming the Nasdaq 100. IBM’s open-sourced AI foundation is driving revenue growth and cost savings of $3.5 billion annually, boosting profit margins by 5 percentage points. The company has saved over 250K hours with AI investments, leading to an “Outperform” rating and $300 price target from Wedbush.



Read more at Yahoo Finance: How tech stalwart IBM is turning into an AI darling