IBM (NYSE: IBM) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, aren't frequently compared with one another. IBM is a mature tech stock which is generally owned for stability and income, while Alphabet has been a growth stock ever since its IPO in 2004.
Yet IBM and Alphabet's businesses still overlap in many markets, including cloud computing and artificial intelligence. Google also integrates IBM's Power Systems into the Google Cloud for enterprise customers.
Alphabet was clearly a better investment than IBM over the past ten years, as its 430% rally crushed IBM's total return of just over 50%. But past performance doesn't guarantee future gains, and IBM seems to have turned a corner over the past year as Alphabet lost momentum. Let's take a fresh look at both tech giants to determine which stock is the better overall investment for 2020.
Source Fool.com