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Updated · MarketWatch · May 7IBM stock rises 2.47% and outperforms rivals in weak market
11 articles · Updated · MarketWatch · May 7
- Shares closed at $231.31 on Thursday, while the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
- The gain ended a three-day losing streak and beat moves by Microsoft, Alphabet Class C and Alphabet Class A shares.
- IBM remains 28.81% below its 52-week high of $324.90 reached on 12 November, and trading volume of 5.5 million was below its 50-day average.
After beating Q1 estimates, why is IBM's management cautious about its full-year outlook? Can IBM's AI growth outpace AI tools targeting its legacy mainframe business? Is IBM's quantum computing leap a game-changer or a costly distraction from its core AI fight?