Sumary of IBM Stock Has Quietly Rallied 40%:
- 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..
- The acquisition strengthened IBM’s hybrid cloud-computing business, which is the foundation of the company’s growth strategy..
- The biggest development for IBM recently has been the planned spin-off of the managed infrastructure-services business….