IBM has announced plans to release the world's largest supercomputer next year, but its stock price remains stagnant, indicating deeper company challenges in the tech industry.
Wall Street has favored IBM's earnings this year, yet the stock has only gained 35% while AI leader Nvidia has skyrocketed 177%, highlighting IBM's struggle against major competitors.
With a meager 2% market share in the cloud computing market, IBM is dwarfed by leaders Amazon, Microsoft, and Google, which possess shares of 31%, 20%, and 12% respectively.
Despite a revenue increase of 1% year-over-year, IBM posted a loss of $330 million in Q3, significantly trailing behind tech giants in both revenue and market cap.
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