Leading Information Technology (IT) conglomerate International Business Machines Corporation (IBM) has been bestowed with an 'Outperform' rating by RBC Capital Markets. This endorsement stems from IBM's potential growth and promising prospects, specifically within the thriving Artificial Intelligence (AI) market.
Despite this optimistic outlook, IBM reported a marginal 0.4% year-over-year decline in its second-quarter revenue, which totaled $15.50 billion. The firm's infrastructure revenue also witnessed a substantial 15% dip compared to the same period the previous year.
