IBM shares gained 8% in mid-morning trading, while Oracle, Cisco, and Hewlett Packard Enterprise moved differently and lagged IBM on the day. The session reverses a longer pattern where IBM had been the year-to-date laggard, with Cisco and Hewlett Packard Enterprise leading sharply higher. IBM was down 23% year to date through Wednesday’s close, while Cisco rose 50% and Hewlett Packard Enterprise rose 42%. Over one year, Hewlett Packard Enterprise and Cisco gained far more than IBM, which declined. Over five years, IBM remains up 72%, indicating longer-term resilience despite a difficult 2026. Cisco’s strength is tied to AI networking demand, revenue growth, and raised AI infrastructure orders guidance.
"Shares of International Business Machines ( NYSE:IBM | IBM Price Prediction) are up 8% in mid-morning trading Thursday, while three legacy enterprise tech peers don't have the same rocket fuel today. Oracle ( NYSE:ORCL), Cisco Systems ( NASDAQ:CSCO), and Hewlett Packard Enterprise ( NYSE:HPE) are providing mixed results and falling behind IBM stock."
"Through Wednesday's close, IBM stock was down 23% year to date (YTD), while CSCO shares had rallied 50% and HPE shares were up 42%. Oracle stock has been the middle child of the group, down 3% YTD after digesting two strong years of multiple expansion."
"The one-year view tells the same story in reverse for Big Blue. HPE shares are up 91%, CSCO shares are up 84%, and ORCL shares are up 20%, while IBM stock is down 9%. That's a wide dispersion for four companies sitting in similar enterprise-IT lanes."
"Cisco stock has benefited from a clean AI networking narrative paired with operating leverage. Q3 FY2026 revenue hit a record $15.84 billion, up 12% year over year (YoY), and management raised FY26 AI infrastructure orders guidance to $9 billion from $5 billion. CEO Chuck Robbins described the quarter as reflecting "strong, broad-based demand.""
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