IBM's GenAI Business is Gaining Traction -- Market Talk
Dow Jones
Oct 23
1110 ET - IBM is seeing increased momentum in its GenAI segment. Wedbush says the company's GenAI book of business continues to accelerate with its backlog now reaching $9.5 billion, well above the prior period of $7.5 billion as the company is seeing increasing demand for its AI agents and assistants while expanding its reach across various verticals. This complements 3Q results, which Wedbush says featured beats across the board while slightly raising full year revenue and free cash flow guidance "as the company gains further momentum across its entire portfolio while its GenAI book of business continues to gain traction." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
October 23, 2025 11:10 ET (15:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.