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IBM Surges 30% Amid Strong Earnings and AI Deals

10/31/2025

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Summary

Story summary

International Business Machines Corporation (IBM) shares closed near $308 on October 29, 2025, up 30% year-to-date.
Catalysts include new AI/cloud deals and a stock jump after a successful quantum algorithm demonstration.
IBM reported Q3 earnings of $16.33 billion and raised its full-year revenue guidance.
Red Hat's revenue growth slowed to 14%, and about half of analysts rate IBM a Buy, citing limited upside from a smaller core business.

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Story summary

International Business Machines Corporation (IBM) shares closed near $308 on October 29, 2025, up 30% year-to-date.
Catalysts include new AI/cloud deals and a stock jump after a successful quantum algorithm demonstration.
IBM reported Q3 earnings of $16.33 billion and raised its full-year revenue guidance.
Red Hat's revenue growth slowed to 14%, and about half of analysts rate IBM a Buy, citing limited upside from a smaller core business.