Score one for the old timers. On a day when Netflix stock plunged 35% on concerns about disappointing subscriber growth, the market is getting a boost from none other than 111-year old International Business Machines. As the company’s first-quarter financial results demonstrated, the tech giant is making clear progress on its push to reshape the company, shifting its focus to the cloud and artificial intelligence.
IBM (ticker: IBM) stock spiked 7.1% on the earnings news, contributing to Wednesday’s 0.7% rally on the Dow Jones…