Why Is IBM Stock Soaring Tuesday?
Summary
IBM’s stock rose after JPMorgan upgraded the company and raised its price target. The bigger software news is IBM’s launch of a new AI-powered application security service built with OpenAI cyber capabilities. The service helps enterprises detect, validate, and prioritize software vulnerabilities more quickly, and it runs within customer environments through IBM Consulting Advantage. IBM also linked the launch to its broader $5 billion Project Lightwell effort with Red Hat to improve software supply chain security.
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