IBM share price hits all-time high

Stock price nudges US$140, a new record

IBM's share price hit US$139.34 on Monday, a new high. When it filed its second-quarter results earlier this year, the technology giant reported a 9 per cent gain in profit over last year.

Commentators in the US have cited increased spending on IT and receding concerns about the economy as reasons for the surge in IBM's share price.

See IBM shares hit all-time high just shy of $140 and IBM rides market upswing to hit all-time high.