IBM shares surge 10% on earnings beat
1. IBM's Q4 earnings surpassed expectations, with EPS at $3.92 compared to $3.75 expected. 2. Stock rose 10% post-earnings, largest jump since March 2020. 3. Revenue for Q4 was $17.55 billion, beating the $17.45 billion estimate. 4. IBM generated $5 billion in bookings for its generative AI business. 5. Software revenues grew by 10% year-over-year, indicating strong AI demand.