Tech Earnings Breakdown: IBM, Wolfspeed Report Results
IBM(IBM) Schaeffers Investment Research·2025-01-30 23:26
Big Tech is hitting the earnings confessional hard, with reports from Meta Platforms (META) and Microsoft (MSFT) to unpack. Both IBM (NYSE:IBM) and Wolfspeed Inc (NYSE:WOLF) just announced their own quarterly results as well.IBM handily beat fourth-quarter earnings estimates, as customers rushed to invest in cloud infrastructure that supports artificial intelligence (AI) technology. The stock also attracted no fewer than nine price-target hikes, including one from BMO to $280 from $260. Shares are up 12.6% ...