- summary:
- IBM prices rise by 12.9 % after spreading better profits than expected, driven by the growth of forces intelligence and cloud growth. Can the gathering continue?
IBM (NYSE: IBM) price exploded on Thursday, when she jumped by 12.9 % after the company submitted a report on the stellar profits that were shattered in the market. The increase prompted the main resistance levels in the stocks, which enhances its last upward momentum.
IBM Q4 profits – a strong end for 2024
IBM has announced the revenue of the fourth quarter of $ 17.38 billion, as Wall Street’s expectations exceeded, while EPS profits (EPS) reached $ 3.87, significantly outperformed unanimity estimates. The sections and consultations of the company have feed the unexpected increase, and flourished on the strong demand for institutions for the acting solutions.
One of the most prominent IBM expansion was the expansion of hybrid cloud profits, which increased by 7 % compared to last year, indicating steady progress in his strategic transformation. The CEO Arvind Krishna highlighted that AI and Cloud Technologies will remain major growth factors in 2025 as customers continue to invest in automation and digital transformation.
Technical expectations – IBM wipes the main resistance
The IBM outbreak was $ 237.41 – a large resistance level – a pivotal technical development, as the stock is now trading about $ 257.89. If the gathering continues, the next main psychological level is $ 270.00, while the decline may find support near $ 237.41.
What is next to IBM?
With strong profits and reaction to the upscale market, IBM is in a good position to extend its gathering in 2025. However, traders will monitor whether the share can exceed $ 250 in the upcoming sessions, where the profits can provide some of the short term . For investors, the expansion strategy in IBM and Cloud Cloud continues, making the stock an interesting play amid the broader technology gathering.
The bottom line
IBM’s impressive profits have strengthened their positive momentum, pushing stocks into new multi -year new peaks. Thanks to the support driven by artificial intelligence and strong financial data, the bullish trend of the company may remain strong-what was not wider than market conditions on a wider scale that caused a decrease.
