IBM’s stock has seen its best day since the dot-com era, as analysts expect a significant turnaround in growth due to increased returns from its consulting business leveraging artificial intelligence (AI). According to Evercore ISI analyst Amit Daryanani, IBM is “so back” after a period of decline. The company’s AI-driven strategy is expected to boost revenue and propel it towards a stronger growth trajectory.
Source: https://www.marketwatch.com/story/why-ibms-stock-is-having-its-best-day-since-the-dot-com-era-8e57af5f