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International Business Machines Corporation (IBM), with a market cap of $174.06 billion, is a global technology and consulting company dedicated to driving innovation and transformation across industries. Headquartered in Armonk, New York, IBM is committed to delivering advanced IT solutions and services, empowering businesses and individuals to thrive in the digital era. The company offers a diverse portfolio of cloud computing, artificial intelligence, data analytics, and enterprise software solutions, serving clients in numerous countries worldwide.
IBM's shares have outperformed the broader market over the past 52 weeks. IBM has surged by 32.8% over this time frame, while the broader S&P 500 Index ($SPX) rallied 20.1%. Also, in 2024, IBM’s 16.2% returns surpassed SPX's 12.9% gains on a YTD basis.
