IBM (NYSE:IBM) shares are trading higher on Tuesday as the company is expanding its AI capabilities through a $240 million multi-year agreement with Together AI.

The companies aim to deploy a large cluster of NVIDIA HGX B300 systems on IBM Cloud, with availability expected in the first quarter of 2027.

• IBM stock is showing upward movement. What’s pushing IBM stock higher?

IBM and Together AI Partner To Scale AI Inference

This collaboration aids in enhancing AI workloads for enterprises, positioning IBM to better serve its clients during a mixed market backdrop.