The rise of artificial intelligence (AI) in 2023 sent many tech stocks soaring. As a result, a plethora of businesses touted AI capabilities. Sifting through them to figure out which are worthwhile long-term investments can prove challenging.

But one blue-chip stock possesses so many compelling qualities, it makes sense to pick up shares and hold on to them through 2024 and beyond. That stock is tech stalwart International Business Machines (NYSE: IBM).

It may be a good time to buy IBM stock, and not because a new year is upon us. At the time of this writing, Big Blue's share price has retreated a bit from its 52-week high of $166.34, reached on December 12. And now, consider these other factors that make IBM a good long-term investment.

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Source Fool.com