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It’s Time to Take Profits in IBM Stock, Morgan Stanley Says | Barron’s

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Posted on mongodb google news. Visit mongodb google news



IBM


stock dramatically outperformed the broader tech sector in 2022, as the enterprise tech giant showed signs of traction in its push to boost growth and shift its business model to focus on hybrid cloud and artificial intelligence software.

But with the stock’s recent appreciation, and signs of a slowdown in IT spending, things could get tougher from here for Big Blue and its shares.

Article originally posted on mongodb google news. Visit mongodb google news

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