Evercore ISI has bumped IBM onto its tactical outperform list, signaling fresh confidence in the legacy tech giant. The move reflects shifting analyst sentiment around IBM's strategic positioning in an increasingly competitive tech landscape. Such rating upgrades often signal that institutional investors are finding better entry points or seeing accelerated catalysts on the horizon. For traders monitoring traditional tech exposure alongside their crypto portfolios, these crosscurrents in equities markets matter—they shape broader risk appetite and capital flows across asset classes. Whether this reflects genuine operational momentum or tactical rebalancing remains worth watching.