Markets have staged a fierce rally in the last month, led by typical tech giants like NVIDIA, Meta Platforms, Microsoft, and… wait, is that IBM’s music? Yes, International Business Machines Corp. (NYSE: IBM) has been one of the biggest winners lately and is riding a 10-day winning streak.
However, this rally has actually been ongoing for more than a year. IBM shares have more than doubled in value since the start of 2024, including a 28% year-to-date advance. What’s triggering this impressive rally, and can the gains continue?
