Stock Track | IBM Soars 5.02% Intraday as IT Consulting Rally and Contract Wins Fuel Rebound

Stock Track

Jul 29

International Business Machines (IBM) shares surged 5.02% during Tuesday's intraday trading session, joining a broad rally across software and IT consulting names as concerns over AI chip spending and rising competition prompted a market rotation away from high-flying semiconductor stocks.

The advance was driven by a powerful upswing in the IT consulting sector, with peers such as Accenture and Cognizant posting strong gains that created positive momentum. IBM's move also reflects a technical rebound following its recent post-earnings decline, after management indicated that roughly one-third of deals that slipped in the second quarter have already closed and reaffirmed its full-year free cash flow growth target. Additionally, the company secured a NT$324 million contract with Chang Hwa Commercial Bank to upgrade its corporate online banking platform, while broker Susquehanna described Circle Internet Group's acquisition of IBM's blockchain patent portfolio as a potentially meaningful strategic development.

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.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/1162789576"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1162789576\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1162789576?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-29 00:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1162789576","market":"sg","top_or_hot":-1,"title":"Stock Track | IBM Soars 5.02% Intraday as IT Consulting Rally and Contract Wins Fuel Rebound","media":"Stock Track","content":"<p>International Business Machines (IBM) shares surged 5.02% during Tuesday's intraday trading session, joining a broad rally across software and IT consulting names as concerns over AI chip spending and rising competition prompted a market rotation away from high-flying semiconductor stocks.</p><p>The advance was driven by a powerful upswing in the IT consulting sector, with peers such as Accenture and Cognizant posting strong gains that created positive momentum. IBM's move also reflects a technical rebound following its recent post-earnings decline, after management indicated that roughly one-third of deals that slipped in the second quarter have already closed and reaffirmed its full-year free cash flow growth target. Additionally, the company secured a NT$324 million contract with Chang Hwa Commercial Bank to upgrade its corporate online banking platform, while broker Susquehanna described Circle Internet Group's acquisition of IBM's blockchain patent portfolio as a potentially meaningful strategic development.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | IBM Soars 5.02% Intraday as IT Consulting Rally and Contract Wins Fuel Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | IBM Soars 5.02% Intraday as IT Consulting Rally and Contract Wins Fuel Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-07-29 00:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>International Business Machines (IBM) shares surged 5.02% during Tuesday's intraday trading session, joining a broad rally across software and IT consulting names as concerns over AI chip spending and rising competition prompted a market rotation away from high-flying semiconductor stocks.</p><p>The advance was driven by a powerful upswing in the IT consulting sector, with peers such as Accenture and Cognizant posting strong gains that created positive momentum. IBM's move also reflects a technical rebound following its recent post-earnings decline, after management indicated that roughly one-third of deals that slipped in the second quarter have already closed and reaffirmed its full-year free cash flow growth target. Additionally, the company secured a NT$324 million contract with Chang Hwa Commercial Bank to upgrade its corporate online banking platform, while broker Susquehanna described Circle Internet Group's acquisition of IBM's blockchain patent portfolio as a potentially meaningful strategic development.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IBM","symbol_name":"IBM","start_time":0,"source_url":"","article_id":"1162789576","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162789576","pubTimestamp":1785257101,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"International Business Machines (IBM) shares surged 5.02% during Tuesday's intraday trading session, joining a broad rally across software and IT consulting names as concerns over AI chip spending...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IBM":"IBM"},"translate_title":"股票跟踪|IBM盘中飙升5.02%，IT咨询公司反弹，合约获胜推动反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBM":1},"content_text":"International Business Machines (IBM) shares surged 5.02% during Tuesday's intraday trading session, joining a broad rally across software and IT consulting names as concerns over AI chip spending and rising competition prompted a market rotation away from high-flying semiconductor stocks.The advance was driven by a powerful upswing in the IT consulting sector, with peers such as Accenture and Cognizant posting strong gains that created positive momentum. IBM's move also reflects a technical rebound following its recent post-earnings decline, after management indicated that roughly one-third of deals that slipped in the second quarter have already closed and reaffirmed its full-year free cash flow growth target. Additionally, the company secured a NT$324 million contract with Chang Hwa Commercial Bank to upgrade its corporate online banking platform, while broker Susquehanna described Circle Internet Group's acquisition of IBM's blockchain patent portfolio as a potentially meaningful strategic development.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}