The Perpetual Allure of IBM Stock: A Contrarian’s Perspective
Despite a not-insignificant downturn since July, IBM’s stock has maintained a relatively impressive upward trajectory. Over the past year, the shares have appreciated by approximately 20%, and over the past three years, the value has nearly doubled. A remarkable performance by any measure, this price appreciation underscores Wall Street’s growing obsession with IBM. Investors are drawn by the company’s increasing focus on quantum computing, cloud computing, and AI-a triumvirate that is seen as essential to the future of technology.