IBM share price spikes to 10-year high, boosted by AI demand

IBM enjoyed a 12% spike in its share price on Thursday on the back of a better-than-anticipated revenue forecast. The upturn represents a more than 10-year high, supported by strong demand for its artificial intelligence (AI) services. As reported by Reuters, Big Blue is thriving on orders received from its generative AI arm, with its Watsonx platform contributing significantly toward a projection of 4-6% in revenue growth in 2024 after orders doubled for the fourth quarter of last year. IBM’s expected gains for next year compare very favorably with Wall Street expectations of around 3%. The company report, released on Wednesday, indic......

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