3 Reasons to Buy IBM Stock in 2024

(NYSE: IBM) has been around for more than 100 years. While the tech giant still sells plenty of hardware, including its iconic mainframes, today, it's focused on software and consulting. As enterprises navigate an increasingly complex technological landscape, IBM provides solutions that can cut costs, boost productivity, and raise efficiency.

While IBM stock has been a dud for the past decade, there are a few reasons to believe that its long malaise is finally coming to an end.

At its core, IBM helps its clients solve problems. The company has built long-term relationships -- some of which span decades -- with enterprises and organizations. Through its consulting arm, it crafts solutions that involve other IBM products as well as products from competitors. The company's hybrid cloud and AI platforms often take center stage, but strategic partnerships with the likes of Amazon Web Services and Microsoft have broadened the scope of what IBM can ultimately offer.

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Source Fool.com