IBM Has a Lot to Prove this year
Many tech stocks have soared as markets recovered from the pandemic-driven sell-off early last year. IBM (NYSE:IBM) is an exception. The century-old tech giant was already disliked by investors before the pandemic as it slogged through a multiyear turnaround; the company’s results have deteriorated since, as customers pull back on spending amid unprecedented uncertainty. IBM’s fourth-quarter report last week sent the…