IBM Shares Surge as AI Momentum Fuels Record Run

The legacy technology firm IBM is demonstrating remarkable resurgence, powered by artificial intelligence initiatives and unexpectedly robust quarterly earnings. As the stock advances more than 24% year-to-date, approaching its historical peak, market participants are evaluating whether this industry pioneer can truly challenge the dominance of contemporary tech giants.

Behind the impressive figures, IBM is implementing significant operational changes. The company has outlined plans for workforce reductions in the fourth quarter, expected to affect a low single-digit percentage of its global employees. These restructuring efforts aim to enhance operational efficiency and redirect resources toward high-growth sectors including artificial intelligence and cloud computing services.

With a market valuation approaching $286 billion and remarkable Read more...