IBM Stock News

The Dow Jones Industrial Average got off to a solid start this year. The widely reported index, consisting of 30 large-cap stocks representing multiple sectors of the economy, gained 4.7% in the first month of the year.

International Business Machines (IBM -1.00%) stock surged 14% higher following its fourth-quarter and 2024 earnings report. Under CEO Arvind Krishna, the company has redefined itself as primarily a hybrid cloud and artificial intelligence (AI) company, and his leadership reversed what had been a long-term decline in the stock.

It's been a long road for International Business Machines (IBM -1.00%) investors. The company kicked off a transformation effort more than a decade ago, forced to adapt to a tech industry that was rapidly embracing cloud computing.

International Business Machines (IBM -1.00%) has found an artificial intelligence (AI) strategy that works. While the tech giant is an AI pioneer, monetizing the technology has been a challenge over the past decade.

IBM (NYSE: IBM) stock surged nearly 13% on January 30, marking its best single-day gain in over a decade.

International Business Machines (IBM) shares soared Thursday after the computing giant posted better-than-expected fourth-quarter earnings, boosted by the strength of its AI business.

IBM saw a remarkable 12% surge in its stock price on Thursday, driven by a strong fourth-quarter performance that showcased the company's impressive growth in artificial intelligence (AI). This boost marked IBM's best day since July 2000, when shares soared 13%.

IBM looks set for a much better growth trajectory as its consulting business starts cashing in more on AI.