12 Best Nanotechnology Stocks to Buy According to Hedge Funds

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8. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 56

International Business Machines Corporation (NYSE:IBM) is a key player in Infrastructure as a Service (IaaS), offering solutions for cloud infrastructure, AI systems, storage, and networking. IBM’s impact on nanotechnology has been groundbreaking, starting with its invention of the scanning tunneling microscope, which allowed scientists to visualize atomic structures. More recently, the company made headlines by developing a 2-nanometer semiconductor chip using nanosheet technology, poised to drive advancements in technologies like autonomous vehicles and IoT.

In Q3 2024, International Business Machines Corporation (NYSE:IBM) reported $15 billion in revenue, marking a 1.46% year-over-year growth. This was driven by strong performance in its Software segment, including a recovery in Red Hat. The company’s generative AI business also showed remarkable progress, surpassing $3 billion in revenue—an increase of more than $1 billion compared to the previous quarter. For Q4 2024, IBM projects consistent revenue growth, supported by continued strength in its Software segment.

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