2 Old-School Tech Giants Winning in the AI Market
The artificial intelligence (AI) boom is reshuffling the technology industry, minting new winners and leaving others behind. International Business Machines (NYSE: IBM) and Cisco Systems (NASDAQ: CSCO) certainly looked like they were missing the AI boat over the past couple of years, but both companies now have AI strategies that are on track to bring in billions in annual revenue.
Not every company can slap ChatGPT into its employee-facing or customer-facing applications and call it a day. Large enterprises and organizations must deal with regulatory and compliance concerns, keep proprietary and customer data safe, and ensure they don't hurt their brand with a rogue AI agent.
The latest and greatest large language models garner the most headlines, but IBM is playing an important and potentially lucrative role enabling generative AI technology for its enterprise customers. The company's watsonx platform puts a focus on transparency and governance, and its vast consulting business provides the guidance and implementation services necessary for clients to unlock value from AI.
Source Fool.com
International Business Machines Corp Stock
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 184 € shows a slightly positive potential of 5.01% compared to the current price of 175.22 € for International Business Machines Corp.
