Is International Business Machines Stock Underperforming the Nasdaq?
Armonk, New York-based International Business Machines Corporation (IBM) operates as an IT solutions company, providing integrated solutions and services worldwide. Valued at $226.3 billion by market cap, IBM operates through Consulting, Software, Infrastructure, and Financing segments.
Companies worth $200 billion or more are generally described as “mega-cap stocks.” IBM fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the IT services industry.
Despite its notable strengths, IBM stock has plunged 17.8% from its all-time high of $296.16 touched on Jun. 25. Meanwhile, IBM stock prices have declined 5.9% over the past three months, notably…
