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International Business Machines (NYSE: IBM) stock is losing ground Thursday on the heels of the company's recent third-quarter report. Big Blue's share price was down 6.6% as of 1:45 p.m. ET.
Technology veteran IBM (NYSE: IBM) is catching some tailwinds nowadays. The stock has gained more than 45% over the last year, boosted by the market frenzy for artificial intelligence (AI) experts.
Shares of the veteran tech giant are near an all-time high.
IBM (IBM) closed the most recent trading day at $120.31, moving -1.04% from the previous trading session.
Strong software sales and demand for AI services offset consulting weakness and an infrastructure slump.
IBM (IBM) closed at $127.06 in the latest trading session, marking a -0.27% move from the prior day.
In the latest trading session, IBM (IBM) closed at $119.41, marking a -1.37% move from the previous day.
After years of being range-bound, IBM’s stock has broken out, rising about 24% over the past 12 months to an almost 10-year high. Click here for in-depth analysis of the latest stock market news ...