Artificial intelligence (AI) has been a driving force behind the success of tech giants in recent years. Companies like Microsoft, Adobe, Nvidia, and AMD have reaped substantial rewards from their investments in AI technologies. However, not all tech firms riding the AI wave have experienced the spectacular gains one might expect.
IBM’s AI Legacy
One such company that stands out is IBM. With a market capitalization of $139 billion, IBM has been at the forefront of the tech industry for decades. Its association with AI technology dates back to the historic moment in 1997 when its AI-powered supercomputer, Deep Blue, defeated the reigning world chess champion, Garry Kasparov.
Watsonx – The Latest AI Offering
IBM’s commitment to AI innovation remained unwavering, and in July 2023, the company launched its latest AI solution, Watsonx. This cutting-edge technology has found adoption in more than 150 businesses, including NASA, showcasing its versatility and potential across various industries.
A Versatile AI Tool
Watsonx’s versatility was further demonstrated when it was employed to generate tennis commentary at the prestigious Wimbledon tournament. IBM’s ambitious endeavors extend beyond AI as well, with ongoing developments in quantum computing to usher in more potent forms of artificial intelligence.
IBM Unveils WatsonX their New Generative AI Platform 2023 [Amazing]
Surprising Stock Performance
Given IBM’s extensive history and continued strides in AI, many anticipated a significant surge in its stock price. However, reality paints a different picture. IBM’s stock currently trades at around $152 per share, representing a modest 8% increase from its $140 valuation the previous year.
A Modest Price Gain, But Income Potential
While IBM’s stock may not have experienced the dramatic surges witnessed in some AI-focused companies, it still holds appeal for investors. Its current valuation suggests limited potential for substantial appreciation. Nevertheless, IBM offers investors the allure of a high-yield dividend, promising the prospect of passive income over the long term.
Bottom-line: In the ever-evolving landscape of AI technology, even established players like IBM face challenges in translating their innovation into stock market success. While the stock price may not soar to astronomical heights, IBM’s enduring commitment to AI and its dividend potential make it an intriguing investment option in the ongoing AI revolution.
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