Are Hedge Funds Bullish on This Information Technology Services Stock Now?
We recently compiled a list of the 10 Best Information Technology Services Stocks to Buy. In this article, we are going to take a look at where International Business Machines Corporation (NYSE:IBM) stands against the other information technology services stocks.
Information technology (IT) services are a key component of the broader IT market, which also includes services, devices, enterprise software, and data center systems. By 2023, global IT spending had surged to over $1.3 trillion. Regionally, North America and Asia were projected to account for 66% of global IT expenditure in 2022. Meanwhile, IT services spending in Latin America has consistently held a 6% share since 2019. Cloud computing is one segment of the broader IT market…
