- January 21, 2024
- Posted by: legaleseblogger
- Category: Related News
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In 2023, the popularity of artificial intelligence (AI) led to a surge in the stock prices of many tech companies. International Business Machines (IBM) was one such beneficiary, experiencing a 78% increase in its stock price. Despite this dramatic rise, many investors are wondering if it’s too late to invest in IBM. However, a closer look at the company’s strategy and performance suggests that there are still compelling reasons to consider investing in IBM for the long term.
IBM’s focus on two rapidly expanding markets, artificial intelligence and cloud computing, positions the company for long-term growth. The AI market, in particular, is expected to continue growing significantly, with forecasts predicting annual revenue to reach nearly $2 trillion by 2030, a substantial increase from 2023’s $28 billion. IBM’s approach to these markets involves a unified strategy centered around a hybrid approach.
For cloud computing, IBM specializes in a hybrid cloud, which combines the cost efficiency of public cloud infrastructure with the security and privacy of a private cloud. This approach is well-suited for industries with strict regulatory requirements, such as finance, government, and healthcare. Similarly, IBM sees the AI industry moving towards a hybrid approach, with CEO Arvind Krishna noting that clients will use a combination of IBM’s models, other companies’ models, proprietary models, and open-source models.
This hybrid approach gives IBM a distinct advantage in providing AI solutions, as it is integrated with the company’s Red Hat hybrid cloud platform. This integration has translated into sales growth, with IBM’s AI and data division experiencing a 6% year-over-year revenue jump in the third quarter, while its Red Hat cloud business saw a 9% increase. Overall, the software segment, which includes these businesses, grew Q3 revenue by 8% year-over-year, contributing $6.3 billion to the company’s $14.8 billion in sales.
Given these factors, investors may find that it is not too late to consider investing in IBM stock. The company’s long-term growth prospects, particularly in the rapidly expanding AI and cloud computing markets, make it an attractive option for those looking to hold shares for an extended period.
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