IBMIBM
IBM · 15m · LEGENDOHLC
IBM
IBM
Market cap$240B
Today’s move
Updated - ago
IBM dropped approximately 4.63% to $243.83, pressured by broader technology sector weakness and mounting industry scrutiny over AI inference expenses and enterprise margins.1 Sentiment was also weighed down by technical selling after shares breached key moving averages, alongside cautious positioning ahead of macroeconomic data.1 2 The sell-off outweighed positive enterprise developments, including a recent quantum error correction initiative announced alongside AMD and Oak Ridge National Laboratory.
About
International Business Machines Corporation, commonly known as IBM, is an American multinational technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company, IBM evolved from manufacturing punch-card tabulating machines into one of the world's largest information technology enterprises. The company operates across multiple business segments including infrastructure solutions, software, and consulting services, serving clients ranging from small businesses to Fortune 500 corporations and government agencies globally. IBM has played a pivotal role in computing history, pioneering mainframe computers, developing the first commercial relational database, and making significant contributions to artificial intelligence research. Today, the company focuses on hybrid cloud solutions, quantum computing development, and enterprise software platforms, while maintaining its legacy as a provider of IT infrastructure and services. IBM stock represents ownership shares in this publicly traded corporation and is listed on the New York Stock Exchange under the ticker symbol IBM.