IBM (IBM) shares jumped 13% to lead 澳洲幸运5官方开奖结果体彩网:S&P 500 gainers Thursday, a day after the company posted fourth-quarter results that topped analysts' estimates as its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)-enabled business surged.

IBM reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.92, above the consensus estimate of $3.79 of analysts polled by Visible Alpha. Rev🤡enue of $17.55 billion was a tick higher than expectation. 

Generative AI Business Soared By Almost $♌2B From Q3

"Our generative AI book of business now stands at more than $5 billion inception-to-date, up nearly $2 billion quarter over quarter," IBM CEO Arvind Krishna said.

According to a transcript of the earnings call provided by AlphaSense, Krishna added that IBM's AI products "provide clients with a consistent and scalable AI foundation built on open source technology." 

Earlier this week, 澳洲幸运5官方开奖结果体彩网:Chinese startup DeepSeek shook markets with its release of an AI model at a fraction of the cost of rivals like OpenAI that is 澳洲幸运5官方开奖结果体彩网:open source—which means it is readily accessible and can be modified or enhanced by anyone.

IBM shares are up almost 40% in the past year.

UPDATE—Jan. 30, 2025: This article has been updated to include fresh share prices.