IBM: Dead Money or a Turnaround Tech Stock?

Leo Sun, The Motley Fool
·4-min read
IBM: Dead Money or a Turnaround Tech Stock?
IBM: Dead Money or a Turnaround Tech Stock?

IBM's (NYSE: IBM) stock recently dipped after the tech giant posted its third-quarter numbers. Should investors assume IBM's stock is dead money for now, or is it still an undervalued turnaround play with a generous dividend? IBM's core growth engine during the quarter was its Cloud and Cognitive Software unit, which houses Red Hat, its cloud services, and its AI tools.