Why Kyndryl Stock Jumped 20% Today

Why Kyndryl Stock Jumped 20% Today

What happened Shares of Kyndryl Holdings (NYSE: KD) soared as much as 20% higher on Wednesday, falling back ever so slightly to a 19.1% gain as of 2:30 p.m. ET. The company, formerly known as IBM's IT infrastructure services business, posted its fifth earnings report as a stand-alone company -- and it was a doozy.