IBM.TO is trading at CA$37.87, up +3.27%, as a broad relief rally followed the U.S. midterm results and investors reassessed policy uncertainty.
- Democrats took both chambers. Strong AMD results and an upbeat data-center growth outlook lifted technology and semiconductor sentiment, supporting the sector backdrop.
- IBM’s latest reported quarter showed software growth and a higher software outlook. Those results were announced October 21, not a new November 4 catalyst.