International Business Machines (NYSE:IBM) stock price surged over 14% to reach an all-time high of £209 ($261) on 30th January as investors welcomed the impressive growth numbers in its Q4 results, especially from its AI segment. The IBM stock price jump is also the biggest one-day percentage gain ever recorded in the company's history.
In Q4 2024, the company's GenAI book of business jumped almost £1.6 billion quarter-over-quarter to surpass £4.01 billion since the segment's inception. The company's Q4 2024 revenue of £14.13 billion, boosted by a 10% growth in the software segment, buoyed full-year revenue by 1% year-over-year to £50.44 billion.
