Investors rallied behind International Business Machines’ artificial-intelligence strategy, driving the stock up after the company released its latest quarterly earnings Wednesday. The tech company said it has taken an open-innovation approach to artificial intelligence,

IBM shares rallied after hours on Wednesday after the tech-infrastructure provider reported a quarterly per-share profit that beat expectations.

IBM surpassed analysts' estimates for fourth-quarter profit on Wednesday, driven by demand in its high-margin software unit as businesses ramped up IT spending, sending its shares soaring about 10% in extended trading.

Arvind Krishna told financial analysts that IBM investments in AI and consulting will help drive the company’s business going forward.

IBM (NYSE:IBM) shares were active in late trading on Wednesday after the IT giant reported fourth-quarter results. Read for more.

IBM Corp. met analysts’ revenue estimates in the fourth quarter, but investors chose to focus on profit and a strong 2025 forecast, sending shares up nearly 9% in after-hours trading. Revenue rose 2% on a constant currency bases,

IBM reported its Q4 2024 earnings results via its investor relations website this week. For EPS, IBM put up a final tally of $3.92 per share, adjusted, versus the analyst expectations, which expected $3.75 per share. Meanwhile, revenue at the company came out to $17.55 billion for Q4 2024, which was just a hair above the $17.54 billion expected.

AI momentum, Red Hat acceleration and HashiCorp updates are among the most likely topics on IBM 4Q 2024 earnings report.

IBM Synthetic Data Sets are designed to help with training or fine-tuning AI models quickly on IBM Z and LinuxONE mainframes.

The shares rose 10% in extended trading. It's the largest rise in IBM's stock price since March 2020. Here's how the company did versus LSEG consensus expectations:

In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

The tie-up seeks to bolster United Arab Emirates-based e&'s AI governance framework, promoting oversight and ethical standards across its AI ecosystem.