20 Trending AI Stocks on Latest News and Ratings

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14. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 54

International Business Machines Corporation (NYSE:IBM) is an American multinational technology company. The global technology innovator has been leading advances in AI, automation, and hybrid cloud solutions.

According to RBC Capital Markets, the company is anticipated to release “solid” third-quarter results driven by ongoing strength in generative artificial intelligence. It further notes its focus on enhancing software traction, especially from Red Hat, which management anticipates will re-accelerate in the latter half of the year. RBC Capital raised the firm’s price target from $211 to $250, keeping an “Outperform” rating on the shares ahead of Q3 results. This expectation comes as the strong performance in the first half was primarily fueled by unexpectedly strong infrastructure performance towards the end of the refresh cycle, along with GenAI bolstering consulting efforts.

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