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Wall Street’s Renewed Obsession With IBM Stock Amid Tech Pivot
Wall Street’s Renewed Obsession With IBM Stock Amid Tech Pivot
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IBM (IBM 1.22%), a centenarian in the technology sector, has reignited Wall Street's fascination with its stock after a 20% annual gain and near-tripling in value over three years. The company's evolution from manufacturing scales and clocks in 1911 to pioneering quantum computing and cloud infrastructure—now critical to AI—demonstrates its chameleonic adaptability.
Investor sentiment swung from outright disdain during its 2012-2020 slump, when shares halved, to renewed Optimism as IBM executed a multiyear transformation. This rebound underscores a fundamental truth in tech investing: legacy players with reinvention DNA often outlast flashier disruptors.
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