Why IBM Stock Is Soaring Today

International Business Machines (IBM 11.70%) released its fourth-quarter results after the close of trading Wednesday, delivering numbers for the period that beat analysts' estimates. Management also provided an optimistic outlook for revenue and cash flow in 2024. In response, investors cheered, sending shares of IBM more than higher 10% as of 10 a.m. ET Thursday.2023 ended strong, and 2024 looks even betterIBM is one of the original tech giants, and the company in recent years has evolved toward a focus o ...