IBM's Remarkable Q4 Performance

International Business Machines Corporation (IBM) experienced a significant 13% increase in its stock value on Thursday, reaching an unprecedented high. This surge followed the release of its fourth-quarter earnings report on Wednesday, which showcased a 1% year-on-year revenue growth.

Exceeding Expectations with AI Innovations

The earnings not only surpassed analysts' expectations but also highlighted IBM's advancements in AI technology. CEO Arvind Krishna emphasized the global reliance on IBM for AI-driven transformations, noting a remarkable $5 billion in bookings for its new generative AI business.

Stock Performance Update

By 11:28 am ET, IBM's stock had risen by 12.38%, trading at $257.08, marking a significant milestone in the company's financial journey.