IBM Stock Surges Amid AI Excitement
This is a news story, published by Yahoo Finance, that relates primarily to IBM news.
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IBMTipRanks
•Should Investors Buy IBM Stock for its Quantum Potential?
83% Informative
IBM stock has surged in 2024 , outpacing the rest of the market and beating many of its sector peers.
Investors appear buoyed by the company’s potential in artificial intelligence ( AI ), but this “potential” isn’t currently reflected in earnings forecasts.
IBM is well-positioned to become a dominant player in the quantum computing industry, having invested billions in research.
IBM seems priced according to unrealized potential, whether in AI or quantum computing.
The company trades above its share price target, and its PEG ratio is quite off-putting.
There’s potential in the highly exciting AI and quantum computing segments, but the price tag is currently too high to invest.
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