Let me cut right to the chase.
In my book, International Business Machines (NYSE: IBM) is one of the best buys on the market today. I've been rolling out the red carpet for Big Blue since the artificial intelligence (AI) frenzy started about a year ago. Now, I'm back to give this underappreciated AI giant the green light once again.
AI has been the hottest water cooler talk since OpenAI introduced the ChatGPT platform to the public in November 2022. Nearly all the companies with fingers in that pie -- or anywhere near it -- enjoyed skyrocketing stock prices and valuations in 2023. Somehow, IBM never got that memo. The stock rose by less than the S 500 index last year, even if you account for IBM's generous dividend payouts. In fact, for part of the year, IBM's shares even experienced negative dividend-adjusted returns amid the AI boom.
Source Fool.com