IBM Stock Has Quietly Rallied 40%

IBM Stock Has Quietly Rallied 40%
·3 min read
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Century-old tech-giant International Business Machines (NYSE: IBM) has been trying and failing to tell a compelling turnaround story for years. The stock has been trending lower since 2013 despite significant progress shifting the business to high-growth areas like cloud computing and artificial intelligence. IBM made a big move in 2019 with the $34 billion acquisition of software company Red Hat.