AI Coding Shock Already Digested? IBM on Possible Comeback After NVIDIA Partnership in Enterprise AI.
Despite the recent gains, IBM is still often traded at a discount. Analysts see price targets of up to $390.
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The stock of IBM (IBM) just experienced its worst trading day in over 25 years a few weeks ago. The trigger for the drop of over 13% in a single day was an announcement from the AI startup Anthropic. Investors feared that AI would disrupt IBM's advantage. The stock has nearly recovered since then. What is behind this? On the one hand, the fear of AI disruption may be somewhat exaggerated. Since 2023, the stock had performed strongly. IBM had long been in the shadow of Big Tech but made a strong comeback. On Monday (March 16), NVIDIA CEO Jensen...
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