IBM Stock Maintains Buy Rating Amid Agentic AI Expansion

BofA Securities reiterated a Buy rating and $340 price objective for IBM shares after a discussion with CEO Arvind Krishna, highlighting the company's portfolio posture for agentic AI technology. Krishna emphasized the importance of solid return on investment evidence in the coming two years to justify capital investments in AI infrastructure. IBM also announced a five-year partnership with Lam Research Corp. to research techniques and materials for sub-1nm logic scaling.