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IBM Stock Jumps 11.7% Amid Hybrid-Cloud Growth

Guavy AI Editorial Team
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IBM
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IBM's stock price has rebounded by 11.74% following a recent dip, driven primarily by growth in its hybrid-cloud, AI, and software segments, including Red Hat and Data.

The company's Q2 results were marked by a decline in mainframe revenue and ongoing securities inquiry, but IBM raised its full-year revenue outlook and reported strong recurring software revenue and AI business growth.

Analysts see modest upside for the stock, with a forward P/E of 19 and a 2.84% dividend yield, making it a Buy at $234.

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