Previous close | 134.45 |
Open | 134.44 |
Bid | 134.40 x 800 |
Ask | 134.68 x 900 |
Day's range | 133.77 - 135.49 |
52-week range | 115.55 - 153.21 |
Volume | |
Avg. volume | 4,557,216 |
Market cap | 120.456B |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | 22.07 |
EPS (TTM) | 6.09 |
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.