By Khadija Saeed
Publication Date: 2025-12-29 20:57:00
NEW YORK, December 29, 2025, 3:43 PM ET — Regular session
International Business Machines Corp (NYSE: IBM) shares rose about 0.8% to $307.58 in late afternoon trade on Monday, moving between $303.63 and $308.18. “Lou arrived at IBM at a moment when the company’s future was genuinely uncertain,” CEO Arvind Krishna wrote in an email to staff after former CEO Louis Gerstner died at 83. Reuters
The move comes in the holiday-shortened final week of 2025, with U.S. markets set to close on Thursday for New Year’s Day. Wall Street’s main indexes were lower in afternoon trade as heavyweight technology stocks such as Nvidia and Palantir retreated from last week’s rally, Reuters reported. Minutes from the Federal Reserve’s last meeting and weekly jobless claims were also on investors’ radar. Reuters
IBM, long known as “Big Blue,” sells software, consulting and infrastructure services built around hybrid cloud — combining on-premise systems with public cloud computing —…
