Beyond the Tech Giants: 35 Non-Tech AI Opportunities

13. International Paper Company (NYSE:IP)

Number of Hedge Fund Holders: 44 

International Paper Company (NYSE:IP) produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. The firm employs AI tools across various aspects of operations to enhance efficiency, sustainability, and innovation. These include smart manufacturing, where AI-driven technologies are integrated into manufacturing facilities, optimizing production processes and predicting equipment maintenance needs, as well as quality control, where the company uses AI-powered computer vision for defect detection in paper and packaging products. It also uses AI-driven data analytics for the development of customized packaging solutions based on customer needs.

International Paper Company (NYSE:IP) has attracted the attention of analysts on Wall Street. Argus recently upgraded the stock to Buy from Hold with a $52 price target. In an investor note, the advisory detailed that the company’s earnings have been hurt by higher input costs and lower demand, but underlined that demand and pricing will recover heading into 2025. Per analysts at Argus, the firm also has a solid balance sheet and an attractive dividend with a yield of about 4.3%, with the stock also seen as attractively valued at current prices.