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Brief news summary
NoneIBM, one of the oldest companies in the tech industry, is outperforming some of the hottest stocks on Wall Street. Its stock has reached its highest level since 2013, signaling a potential turnaround. IBM's growth is attributed to investments in cloud and AI, with its AI business expected to drive further growth.
The company's solid cash flow generation and healthy dividend yield also contribute to its potential for re-rating higher in the market. However, some analysts remain skeptical due to lower growth expectations compared to other tech giants. Despite this, IBM stands out with its robust dividend yield, which is rare in the tech sector.
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