IBM Stock Rises Amid Optimism for Data-Center Market Growth

IBM's stock price rose by 1.1% on Friday, closing at $236.17 after trading as high as $238.72.

The company's share volume was lower than usual, with only 3,832,659 shares traded during mid-day trading, a decline of 52% from the average session volume of 8,005,579 shares.

This movement comes after several positive developments for IBM. Industry research has predicted that the global hyperscale data-center market will expand to $608.54 billion by 2030, driven by AI, machine learning, and cloud-computing demand.

This is expected to support IBM's infrastructure, consulting, and hybrid-cloud opportunities.