IBM’s AI Revolution Sends Stock Soaring as Big Blue Takes on Tech Giants
IBM shares trade near $289, close to multi-year highs after a 28% year-to-date surge, pushing market value to $265 billion. The company announced a partnership with AMD and Zyphra to build a major AI supercluster and launched Granite 4.0, an open-source enterprise AI model family. IBM’s aggressive AI and cloud pivot is backed by a $150 billion U.S. investment plan. Analyst sentiment remains mixed.