IBM’s stock is beating Big Tech this year. Why this analyst sees more gains ahead. - MarketWatch

1. IBM's stock has risen 33% this year, outperforming major tech firms. 2. Analysts predict further valuation increase due to IBM's stable infrastructure software. 3. Software-as-a-service companies face AI threats, boosting IBM's attractiveness. 4. IBM is positioned well for strategic acquisitions to enhance portfolio consistency. 5. Analysts expect double-digit revenue growth for IBM's infrastructure software by year-end.