Zacks.com users have recently been watching IBM (IBM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Computing behemoth IBM IBM has gained close to 4% year-to-date in 2024, underperforming the broader Nasdaq-100 which gained about 14% over the same period. In contrast, IBM's peer Oracle stock has gained 19% year-to-date.
While IBM's recent acquisition of HashiCorp has not been well received by the market, I'm still bullish. IBM's leadership position in implementing open-source AI is key. That will drive the company's growth and maintain its competitive edge. I think this will be as big as linux. I believe IBM's stock is undervalued and has substantial upside potential, especially considering the company's strong forecast for GAAP EPS growth.
Several S&P 500 firms, including IBM, mentioned "AI" at least 50 times in Q1 earnings calls, indicating the growing importance of AI in corporate strategies. Putting money where its mouth is, IBM plans to acquire a company for $6.4 billion to enhance its hybrid cloud and AI capabilities. While EPS growth for IBM is not impressive in the short term, strong earnings trends are possible in out years - investors are paid to wait with a 4% yield.
Dividend stocks never go out of style, even when investors are focused on the next big thing. AT&T stock sports a high dividend yield, and the company could start to boost that dividend faster next year.
IBM (IBM) reported earnings 30 days ago. What's next for the stock?
IBM (IBM) concluded the recent trading session at $170.67, signifying a -1.74% move from its prior day's close.
IBM is focused on enterprise AI with its watsonx AI platform and consulting services. The company announced new partnerships, products, and initiatives at its THINK conference.
International Business Machines (IBM) unveiled several artificial intelligence (AI) updates on Tuesday that could bolster the legacy computer maker's standing in the AI race and promote openness with the AI ecosystem.
IBM (IBM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi Arabia train an AI system in Arabic.
With Bitcoin ( BTC-USD ) prices gaining again, growth-focused investors may wish to turn their attention to the blockchain stocks, many of which may be trading at enticing valuations now that blockchain technology's applications outside of cryptocurrencies are starting to lose a bit of luster. Indeed, blockchain has plenty of potential beyond Bitcoin and the like.