This Underrated AI Stock Is Profitable Yet Overlooked by Retail Investors

The artificial intelligence (AI) industry is evolving fast, and headlines are dominated by companies that churn out top-tier AI models like Open AI and Anthropic, AI infrastructure providers like Microsoft and CoreWeave, and AI chip companies like Nvidia and AMD. Plenty of other companies are using AI to great effect, but they don't get the same level of attention.International Business Machines (NYSE: IBM) is killing it in AI, and it's a real shame many investors haven't caught on. IBM's AI strategy is focused on providing solutions to its enterprise clients. The company isn't plowing mountains of capital into AI data centers, and it isn't splurging on training industry-leading models. Instead, through a mix of consulting services, software, and hardware, IBM is emerging as a leader in enterprise AI.Since IBM kicked off its generative AI strategy, the company has booked more than $7.5 billion worth of business. Around 80% of this total comes from the consulting business, with the rest coming from software. Playing a supporting role is hardware, namely IBM's decades-old mainframe business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool