Investing in Palantir Technologies and Meta Platforms: AI Stocks with Lasting Potential
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International Business Machines Corp. (IBM) recently hit its highest level since 2013, putting it about 6 percent below an all-time high. Investors are optimistic that IBM's turnaround efforts are finally bearing fruit after years of tepid growth and share-price returns. IBM's stock has gained roughly 19 percent this year, including dividends, making it one of the top performers in the market, trailing only Nvidia and Meta Platforms Inc. The company has made significant investments in both cloud computing and artificial intelligence (AI), and its strong AI business is expected to drive further growth. IBM has also implemented cost-cutting measures, including job cuts, and plans to pause hiring for roles that could be replaced with AI, which is seen as a potential boost to margins. However,...
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