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IBM is poised for its best day of the century

Big Blue gets a big bump. The shares are hitting all-time highs.

1/30/25 11:17AM

Shares of IBM are topping the S&P 500 as the American computer icon, based in Armonk, New York, is on track for its best trading day of the millennium.

Per FactSet, Wall Street analysts are quickly revising full-year estimates for the company higher after it reported better-than-expected profits yesterday night, as the company’s software unit was goosed by a strong result from its AI initiatives. The stock, which is up roughly 38% over the last 12 months, touched an all-time high in trading on Thursday.

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SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

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