International Business Machines (IBM) is at the forefront of one of the largest market growth opportunities, but has trailed behind its peers in market performance. Companies like Amazon (AMZN) and Microsoft (MSFT) have all produced strong market performances in the wake of a pandemic, and even seen their market caps eclipse the trillion dollar mark. Meanwhile, IBM has been overlooked and undervalued in relativity to its position in the cloud market when compared to leading peers.
Furthermore, IBM has announced that it will be spinning its Global Technology Services segment into a completely new company--NewCo. We'll dig into the NewCo spinoff and how IBM stock could be impacted and valued moving forward.
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