
IBM's stock surged 13.5% this week, reaching $255 per share, following a better-than-expected fourth fiscal quarter. The increase was driven by strong growth in artificial intelligence and positive commentary from the company's leadership regarding future tech acquisitions and business spending. The stock rose nearly 12% from Wednesday to Friday, hitting a new 52-week high. IBM's CFO announced an aim for 5% revenue growth on a constant currency basis under a new framework during the investor conference. Additionally, IBM predicts $4.4 trillion in annual AI-driven productivity gains by 2030, with total enterprise spending expected to grow at a compound annual growth rate of 28% between 2025 and 2028, reaching $835 billion. Despite the enthusiasm, only 26% of enterprises have begun exploring generative AI, highlighting a significant opportunity for growth in the sector.
$IBM IBM CFO says co. is aiming for 5% revenue growth on a constant currency basis under new framework, via investor conference
$IBM strong analyst day: Mgmt sees $4.4T in AI productivity gains by 2030. Total Enterprise spend to grow CAGR 28% btn 2025-2028 to $835B vs $245B this yr. 98% of Enterprises have explored gen Ai yet only 26% started the process. Remains a powerful LT theme - pun intended.
IBM CFO SAYS AIMING FOR 5% REVENUE GROWTH ON A CONSTANT CURRENCY BASIS UNDER NEW FRAMEWORK- INVESTOR CONF
