Cramer Praises IBM Amid Strong Rally

Jim Cramer praised IBM's recent stock run, saying shares have nearly tripled since late 2022 and risen over 40% in the past 12 months, trading around $309. He credited CEO Arvind Krishna for driving growth via hybrid cloud, AI, consulting and quantum initiatives, and cited technical indicators like a 50-day moving average breakout and bullish MACD crossover. Cramer said these signals point to further upside.