It's essentially a math problem. How long can this business last, how much growth is there, what is the immediate present value of current assets, etc. A rough calculation will basically give you the answer.

LongPort - 奇迹的交易员cola
奇迹的交易员cola

Buy point, pessimistic extreme value 170. Red Hat system maintains double-digit growth. IBM's long-term layout in the enterprise-level hybrid cloud and open-source software sectors still occupies core demand. The US's second son, and there's also a quantum lottery ticket; it won't collapse. Solid hybrid cloud software fundamentals (Red Hat) + stable annual cash flow and high dividends + top-tier state-owned team background in quantum technology reserves. A US state-owned enterprise.

$IBM(IBM.US)

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