Is IBM Stock a Buy at an All-Time High?

It's been a long road for International Business Machines (NYSE: IBM) investors. The company kicked off a transformation effort more than a decade ago, forced to adapt to a tech industry that was rapidly embracing cloud computing. Years of inconsistent results followed as the company exited businesses and spent many billions of dollars on acquisitions.Some initiatives, like the company's early efforts to apply artificial intelligence (AI) technology to healthcare, were abject failures. Others, like the acquisition of software company Red Hat, have been roaring successes.IBM has leaned into high-margin software while using its consulting business to help drive adoption. Its hybrid cloud and AI software platforms are at the center of the company's best long-term growth opportunities. Red Hat software revenue soared 17% year over year in the fourth quarter, and IBM surpassed $5 billion in cumulative bookings for generative AI-related business. Over the past couple of years, things have finally been clicking.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool