IBM Bets on AI and Cloud for Future Growth, Offers Value for Long-Term Investors
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IBM is focused on growing AI and cloud computing capabilities to drive future revenue growth. These business areas saw strong growth in Q3 2022.
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IBM has decades of experience with AI technology and recently launched its latest AI platform called watsonx to help clients achieve business improvements.
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IBM is advancing its capabilities in quantum computing which can significantly advance AI by allowing more complex calculations.
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IBM offers better value than competitors like Microsoft based on lower P/E ratio and pays a 4%+ dividend yield.
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IBM's growth drivers in AI and cloud along with reasonable valuation make it a compelling long-term investment for 2024 and beyond.