IBM's Stock Rises on Strong Q3 Results and AI Progress

IBM's stock has seen a 10% increase over the last month on strong Q3 results and progress in the AI space. The company is focusing on tailored AI applications and a $500 million venture fund for AI startups. IBM's third-quarter results beat estimates on resilient software demand. RBC analysts have initiated research coverage on IBM with a new Street high target. Park National Corp OH reduced its stake in IBM, while Ossiam increased its position in shares of IBM.