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IBM Slumps 21% YTD: Time to Reassess the Stock in Your Portfolio?
Zacks Investment Research·
IBM has declined 21% year-to-date as AI-powered coding tools threaten its legacy modernization business, while competition from AWS and Azure intensifies pricing pressure. However, the company's hybrid cloud portfolio, Red Hat OpenShift, HashiCorp acquisition, and watsonx AI platform could support long-term growth if execution improves.
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