Nykredit A S Buys $73.5M Stake in IBM Amid Institutional Investor Interest

Nykredit A S has bought 261,487 shares of International Business Machines Corporation (IBM), valued at approximately $73.53 million.

This is not an isolated instance, as several other institutional investors have also been buying into IBM's stock in recent quarters.

The company's second-quarter revenue was around $17.2 billion, but infrastructure revenue fell 7% and IBM Z revenue declined 42%, raising questions about the durability of the mainframe cycle.