IBM’s Big Blue Comeback: How AI and Cloud Bets Sent IBM Soaring in 2025
IBM shares traded near $289 in early October 2025, close to multi-year highs, with a market cap of $265 billion and a P/E ratio of about 45. Q2 revenue beat estimates at $16.98 billion, but a slight miss in software sales triggered a 5% after-hours dip. IBM reported $7.5 billion in generative AI business and unveiled Granite 4.0, a new open-source AI model. Q3 results are due Oct. 22.