Is International Business Machines Stock Underperforming the Nasdaq?
/International%20Business%20Machines%20Corp_%20logo%20on%20storage%20rack-by%20Nick%20N%20A%20via%20Shutterstock.jpg)
International Business Machines Corp_ logo on storage rack-by Nick N A via Shutterstock
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….
