At some point in time around the 80s, the company was a leader in the tech industry and occupied top positions on the stock market. But everything has an end to it. And now, for the past two decades, the capitalization of IBM on the stock market has been blowing off. A similar faith should be expected for the contemporary IT giants: Apple, Google and other Microsofts
It is just a matter of time since, as they say, “nothing is eternal under the Moon” :)
And today we are observing another instance of IBM’s decay. The quotes have drawn a reversal shape down and are going towards $100.