Adjusted per-share earnings came ahead of Wall Street estimates.

IBM (IBM) is scheduled to report results of its fiscal fourth quarter after the market close on January 29, with a conference call scheduled

IBM stock has risen by 22 percent over the past year, with shares rising by nine percent on the morning following the earnings announcement.

Evercore raised its price tag on IBM stock from $240 to $275, retaining its Outperform rating. Software, however, appears to be the only growth business. It reported $7.9 billion in revenue in Q4, up 10% YoY.

The shares rose 10% in extended trading. It's the largest rise in IBM's stock price since March 2020. Here's how the company did versus LSEG consensus expectations:

IBM added that the company continues to 'gain momentum' in the generative AI business, with one-fifth of the AI business coming from Software, and the remaining from Consulting.

Microsoft shares slumped on Thursday after the company's earnings left investors disappointed overnight. Meanwhile, Meta and Tesla traded higher, having shaken off the initial weakness that greeted their latest results.

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Oracle (ORCL – Research Report), Nvidia (NVDA –

While AI with fewer guardrails may be terrifying for some, it may be a possible way to expand into new territories and win the race toward AI. In light of this, Trump has recently signed an executive order related to AI to “make America the world capital in artificial intelligence”.

International Business Machines Corp. gained in early trading after projecting strong revenue growth in the new fiscal year and a jump in AI-related bookings.

International Business Machines (IBM – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst