Adjusted per-share earnings came ahead of Wall Street estimates.

IBM is getting a big AI boost, as investors welcome the company's latest quarterly results. In recent trading, shares stood more than 13% higher at nearly $260. That put the stock on course for the highest close on record,

IBM stock popped as Q4 earnings and revenue topped Wall Street estimates while 2025 free cash flow guidance came in above expectations.

IBM stock has risen by 22 percent over the past year, with shares rising by nine percent on the morning following the earnings announcement.

The shares rose 10% in extended trading. It's the largest rise in IBM's stock price since March 2020. Here's how the company did versus LSEG consensus expectations:

Microsoft shares slumped on Thursday after the company's earnings left investors disappointed overnight. Meanwhile, Meta and Tesla traded higher, having shaken off the initial weakness that greeted their latest results.

IBM added that the company continues to 'gain momentum' in the generative AI business, with one-fifth of the AI business coming from Software, and the remaining from Consulting.

Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft MSFT.O dropped 4.7% after forecasting disappointing growth in its cloud computing business.

Wall Street analysts largely maintained bullish views on IBM (NYSE:IBM) after the tech giant's fourth-quarter results and outlook surpassed expectations. Shares of IBM jumped about 9% premarket on Thursday.

Meta Platforms and most other U.S. stocks are rising, but drops for Nvidia and Microsoft are weighing on the market.