After years of drifting in the hinterlands,  finally seems to be coming back to life.

Big Blue delighted investors with its fourth-quarter earnings report, and the stock finished Thursday's session up 9.5%. IBM stock also closed at its highest level in more than 10 years on the news.

Shares of the tech giant are now up roughly 40% in the last three months as investors seem to believe it will be a beneficiary of the artificial intelligence (AI) boom that began with the launch of ChatGPT in late 2022. IBM's fourth-quarter numbers weren't particularly impressive, but managed to overcome modest guidance.

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Source Fool.com