Intel made headlines last week, but let’s not forget about IBM. With $12 EPS projected for next year and $70 billion in sales, IBM remains relevant in tech innovation. IBM’s focus on quantum computing and AI solutions, like watsonx, showcases its commitment to cutting-edge technology. The company’s collaboration with Salesforce and strategic partnerships highlight its place in the ever-evolving tech landscape. Despite a bearish trend, IBM’s earnings estimates continue to rise, presenting potential long opportunities near $225.

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Ultimately, IBM’s dedication to innovation and partnerships with industry leaders like Salesforce and NVIDIA position it as a key player in the tech sector. As the IT industry transitions towards AI-driven solutions, IBM’s strategic initiatives and cutting-edge technologies continue to drive growth and relevance in the market. Stay informed with Zacks Investment Research for the latest updates and stock analysis.

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