IBM has been upgraded from Hold to Buy due to improved business momentum and a more appealing valuation, with its forward price-to-earnings ratio contracting to around 22 times. The company has reported six consecutive quarters of beating both revenue and earnings expectations, signaling accelerating performance. This consistent strength suggests IBM is undervalued and may see further upside if the market assigns a higher valuation multiple. The upgrade reflects growing confidence in IBM's steady growth and potential for bullish rerating.
IBM is set to receive half of the US government's $2 billion quantum computing grant, amounting to $1 billion in cash-for-equity funding. This support strengthens IBM's leadership in quantum computing and underpins its growth strategy, which includes...
The US government announced a $2 billion investment in nine quantum computing companies, signaling its commitment to lead this critical industry. This funding boost has positively impacted the WisdomTree Artificial Intelligence and Innovation Fund (W...
