IBM stock rises after Q2 beat enhanced by AI bookings
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IBM's (IBM) AI bookings grew by over $2 billion in the second quarter, contributing to its earnings beat reported on Wednesday. Synovus vice president and senior portfolio manager Dan Morgan told Yahoo Finance that International Business Machines just has "a different strategy towards AI and cloud than a lot of these other companies do."
The Morning Brief team examines IBM's earnings figures out from its software and generative AI segments.
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This post was written by Luke Carberry Mogan.