IBM Rallies 8% While Oracle, Cisco, HPE Drift: Is the Laggard Finally Bouncing?

Shares of International Business Machines (NYSE: IBM) are up 8% in mid-morning trading Thursday, while three legacy enterprise tech peers don't have the same rocket fuel today. Oracle (NYSE: ORCL), Cisco Systems (NASDAQ: CSCO), and Hewlett Packard Enterprise (NYSE: HPE) are providing mixed results and falling behind IBM stock. The setup is striking because IBM stock has been the... IBM Rallies 8% While Oracle, Cisco, HPE Drift: Is the Laggard Finally Bouncing?