This Dancing Elephant Stomps All Magnificent 7 Stocks Except Google, Even Eclipsing Nvidia
Nov 07, 2025 16:01:00 -0500 by MATTHEW GALGANIIn 2002, former IBM (IBM) Chairman Louis V. Gerstner Jr. released “Who Says Elephants Can’t Dance?”, a book recounting the tech giant’s rebound from near-bankruptcy. Showing the 114-year-old company still has legs, IBM stock has outperformed all Magnificent Seven members this far this year, except Nvidia (NVDA) and Google-parent Alphabet (GOOGL).
And Wall Street has taken notice. IBM joins Nvidia and Alphabet on the latest monthly list of new buys by the best mutual funds. Following a fresh breakout after reporting earnings on Oct. 22, shares of IBM are in demand — and in buy range.
How IBM Stock Stacks Up Against The Magnificent Seven
Year to date, shares of IBM have gained over 42%%, topping all Mag 7 members except Alphabet’s 50.42%. As of Thursday’s close, IBM has even eclipsed Nvidia’s 40.06% year-to-date rise.
More than doubling the 17.94% gain of Microsoft (MSFT), IBM has essentially quadrupled the 10.78% rise in Amazon.com (AMZN) and the 10.42% increase in shares of Tesla (TSLA).
Further highlighting IBM’s impressive year-to-date performance, the company’s embrace of artificial intelligence and quantum computing dwarf the 7.73% rise for Apple (AAPL) and the meager 5.73% gain in Meta Platforms (META) .
| Company | Symbol | YTD % Gain* | Comp Rating |
|---|---|---|---|
| Alphabet | (GOOGL) | 50.42 | 99 |
| IBM | (IBM) | 42.12 | 91 |
| Nvidia | (NVDA) | 40.06% | 99 |
| Microsoft | (MSFT) | 17.94 | 90 |
| Amazon.com | (AMZN) | 10.78 | 94 |
| Tesla | (TSLA) | 10.42 | 81 |
| Apple | (AAPL) | 7.73 | 94 |
| Meta Platforms | (META) | 5.71 | 82 |
| *As of Nov. 6 |
IBM Does Breakout Dance On Rebounding Growth, Big Demand
In addition to making Friday’s list of new buys by top money managers, IBM has displayed strong demand with a 1.8 up/down volume ratio and an A Accumulation/Distribution Rating. The stock sports a 91 Composite Rating out of a best-possible 99.
A return to double-digit earnings growth has helped spur that demand. For the third quarter, IBM posted 15% earnings growth to $2.65 per share. Sales growth rose 9% to $16.3 billion.
For the full year, analysts forecast 10% earnings growth to $11.35 a share.
Boosted by last month’s earnings report, IBM stock has climbed to the top of its buy range after clearing a 296.16 buy point in a first stage cup pattern. With the ideal buy zone extending up to 311, IBM ended the week in buy range at 306.31.
Showing resilience, it has held support at its 50-day line and bounced back above its 21-day exponential moving average.
While shy of a 52-week high, the relative strength line rose decidedly higher as IBM’s cup base formed.
Meanwhile, Palantir — down nearly 7% Thursday — showed its fighting spirit Friday. The stock reversed higher off the day’s lows to cling to support at its its 50-day line after already slicing sharply below its 21-day exponential moving average on Thursday.
Nvidia punched back above its 50-day line to show its grit, while Tesla also found support at that benchmark. Alphabet and Apple continue to hold up relatively well right around their record highs.
Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
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