IBM (NYSE: IBM) stock lost nearly 30% of its value over the past decade as it struggled with the sluggish growth of its legacy businesses.
But over the past year, Big Blue started turning a few heads with its aggressive turnaround strategies. Arvind Krishna, the former cloud chief who succeeded Ginni Rometty as IBM's CEO in April 2020, orchestrated the spin-off of Kyndryl (NYSE: KD), which contained its struggling managed infrastructure services unit, to streamline IBM's core business and focus on the expansion of its hybrid cloud and AI services.
IBM spun off Kyndryl last November, and its stock price has risen 8% since that separation. Its fourth-quarter report on Jan. 24 also beat analysts' expectations on the top and bottom lines. Could IBM finally be poised for a comeback? Let's compare the bear and bull cases to decide.
Source Fool.com