Earnings Sentiment Inject Volatility But Upside Subdued
- Summary:
- IBM stock price has been on a downtrend in the last week, but a surprise package in Wednesday’s earnings release could accelerate volatility.
IBM stock price was up in Tuesday’s pre-market session as investors positioned themselves for its quarterly earnings release. IBM Corp (NYSE: IBM) was up by 0.3 percent on the daily chart at the time of writing, trading at $232.10. IBM will announce its third quarter earnings on Wednesday, and is forecast to report revenues of $15.07 billion and EPS of $2.22.
The company launched the latest version of its Granite software, which businesses can use to build Generative AI tools. This underlines its readiness to make its mark in the AI sector, which is forecast…
