IBM earnings prove it paid right price for Red Hat, says Jim Cramer

7:11 PM ET Thu, 18 July 2019

Last night, big blue reported an imperfect quarter, but it was still strong enough to get the stock roaring today. More importantly, I think these results vindicate IBM's decision to pay $34 billion for Red Hat, the open-source software company that's become integral to helping other businesses embrace the cloud.