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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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5 views
IBM's recent rally is driven more by tech momentum and indexation than by valuation or standout fundamentals. Key triggers include strong growth in automation, hybrid cloud, and AI, with recurring revenue and margin expansion supporting the thesis. Downside risk centers on IBM's ability to sustain growth and execution; failure could lead to a multiple de-rating given current valuations.
