IBM Stock Jumps on Better-Than-Estimated Results, Open-Source AI Strategy
1. IBM shares jumped nearly 8% in premarket trading after strong earnings. 2. Fourth-quarter EPS was $3.92, exceeding analyst expectations of $3.79. 3. Revenue reached $17.55 billion, slightly above market expectations. 4. Generative AI business increased by nearly $2 billion in Q4. 5. IBM's AI products build on open-source technology, attracting client interest.