IBM's stock rose by 13% in the fourth quarter due to strong results, indicating that growth in artificial intelligence has strengthened its position in the software solutions sector.
According to the company's report, profit for the last three months increased by 6% to $34 billion, exceeding analyst expectations. The company noted that demand for artificial intelligence solutions and cloud services continues to grow, as reflected in its financial success.
"Our focus on developing cloud technologies and artificial intelligence has yielded excellent results by the end of the year, which is confirmed by our financial indicators," said the company's CEO.
Experts believe that IBM has shown reliable results over the past few years, which has boosted investor confidence in the company’s future and contributed to the growth of its stock price.
