IBM Stock Jumps, Leads S&P 500 Gainers, on Results, Open-Source AI Strategy

Core Insights - IBM shares surged 13% following the release of fourth-quarter results that exceeded analysts' expectations, driven by strong performance in its AI-enabled business [2][4] - The company reported adjusted earnings per share (EPS) of $3.92, surpassing the consensus estimate of$3.79, and revenue of $17.55 billion, slightly above expectations [2][4] Financial Performance - IBM's fourth-quarter adjusted EPS was$3.92, exceeding the Visible Alpha consensus of $3.79 [2][4] - Revenue for the quarter was reported at$17.55 billion, which was marginally higher than analysts' expectations [2][4] AI Business Growth - The generative AI segment of IBM's business has grown significantly, with a total value exceeding $5 billion since inception, marking an increase of nearly$2 billion from the previous quarter [3][4] - CEO Arvind Krishna emphasized that IBM's AI products offer clients a scalable AI foundation based on open-source technology [3]