|Bid||134.40 x 800|
|Ask||134.68 x 900|
|Day's range||133.77 - 135.49|
|52-week range||115.55 - 153.21|
|Beta (5Y monthly)||0.88|
|PE ratio (TTM)||22.07|
|Earnings date||19 Apr 2023|
|Forward dividend & yield||6.60 (4.91%)|
|Ex-dividend date||09 Nov 2022|
|1y target est||145.96|
With nothing more than a passing glance, it would be easy to assume International Business Machines (NYSE: IBM) -- you know it better as just IBM -- is struggling. And the company's consulting services and software spur the initial interest in its hardware.
Following the spinoff of its managed infrastructure services business, which removed around $19 billion of less-than-desirable revenue from the income statement, International Business Machines (NYSE: IBM) is a leaner and more focused company. Hybrid cloud, artificial intelligence, high-margin software, and consulting are the businesses that will drive revenue and profit growth in the coming years. Total revenue was up 6% adjusted for currency, with over 70% of that revenue coming from software and consulting.
ChatGPT, an AI-based chatbot from OpenAI, has gone viral. Based on the company's GPT-3.5 large language model, ChatGPT is capable of some impressive feats. The company also has a large and diversified customer base, which could provide it with a competitive advantage in the AI market.