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Another Lost Year for IBM

Summary by 247wallst.com

International Business Machines Corp. (NYSE: IBM) recently said it will release the world’s largest supercomputer next year. Its stock did not react. IBM is too far behind others in the tech sector. Earnings helped its stock price earlier this year. But, even with the results Wall Street has favored, IBM’s stock has gained only 35% year to date. The S&P 500 is 24% higher. The stock of AI industry leader Nvidia Corp. (NASDAQ: NVDA) has risen 177%…

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Another Lost Year for IBM

International Business Machines Corp. (NYSE: IBM) recently said it will release the world’s largest supercomputer next year. Its stock did not react. IBM is too far behind others in the tech sector. Earnings helped its stock price earlier this year. But, even with the results Wall Street has favored, IBM’s stock has gained only 35% year to date. The S&P 500 is 24% higher. The stock of AI industry leader Nvidia Corp. (NASDAQ: NVDA) has risen 177%…

2 months ago·New York, United States

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247wallst.com broke the news in New York, United States 2 months ago on Tuesday, December 31, 2024.

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