Jim Cramer’s Bold Predictions About These 15 AI Stocks

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12. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders In Q3 2024: 56

Date of Cramer’s Comments: September 10th, 2024

Performance Since Then: 27%

International Business Machines Corporation (NYSE:IBM) is an enterprise computing and software company that provides businesses with cloud environments to run their workloads.  Its shares have gained 27% since Cramer’s September comments. However, the stock would have been in the red had International Business Machines Corporation (NYSE:IBM)’s shares not risen by 13% in late January. The shares rose primarily because of AI, as the firm’s Q4 results revealed that its AI book had grown by $2 billion in just a quarter. Here’s what Cramer had said about International Business Machines Corporation (NYSE:IBM) in September:

“International Business Machines Corp. (NYSE:IBM) is doing quite well. We’re playing around with Watson for ESPN, which is unbelievable. I’m getting more and more impressed. Arvind Krishna has reinvented the company. He’s doing a terrific job.”

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