IBM Stock in 2024: Reasons to Consider Investing

In the article, Timothy Green from The Motley Fool discusses three reasons to consider investing in IBM stock in 2024. These reasons include:

1. Revenue Growth: IBM has been able to grow its revenue even in tough economic conditions. The company has a strong focus on software and consulting, which has helped it maintain a steady stream of income. Additionally, IBM has been able to secure partnerships with companies like Amazon Web Services and Microsoft, which have broadened its product offerings.

2. Artificial Intelligence: IBM has been working on artificial intelligence for many years and has made significant strides in recent times. The company’s Watson AI system won on Jeopardy! in 2011, which was a major milestone for the industry. While IBM struggled to commercialize its AI technology in the past, it is now seeing significant opportunities in this space.

3. Digital Transformation: IBM has been able to secure a number of digital transformation projects, which involve cutting costs, boosting productivity, and raising efficiency. These projects have been in high demand, even in tough economic conditions. IBM’s signings grew by 50% year over year in the third quarter, with signings involving cloud platforms like AWS doubling.

Overall, the article suggests that IBM is well-positioned to continue growing in the coming years, particularly in the areas of software, consulting, and artificial intelligence.