Setting Realistic Goals for IBM to Reach a Trillion-Dollar Market Cap
Setting Realistic Goals for IBM to Reach a Trillion-Dollar Market Cap
Is IBM on its way to becoming a trillion-dollar giant by 2030? These are the odds.
Technology powerhouse International Business Machines (NYSE: IBM) used to be an industry giant. Currently perched at a total market value of $167 billion, is the reformed Big Blue finally destined for trillion-dollar greatness before the end of this decade?
Let's set some realistic targets for IBM
A starting point of $167 billion is pretty impressive. Only 45 of the S&P 500 index's household names can boast a larger market cap than IBM's today.
Why I don't mind IBM missing the trillion-dollar mark
So the trillion-dollar goal looks nearly unreachable given only five or six years of AI-driven growth. IBM isn't reinventing energy drinks here or on the verge of signing a global distribution deal with PepsiCo (NASDAQ: PEP). The company is nibbling on explosive growth opportunities in the massive market for business-grade AI services.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.