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IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020

Summary by Techmeme
Asa Fitch / Wall Street Journal: IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020  —  ‘Big Blue’ has clawed back into investor favor, but needs to show staying power in AI to cement its comeback
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Techmeme broke the news in California, United States on Saturday, April 26, 2025.
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