IBM: A Beneficiary Of AI In 2024, While All Eyes Are On Microsoft

Ben Hider International Business Machines (NYSE:IBM) has gained around 15% since December 15, 2022, the date when my bullish thesis compared its incremental growth strategy with Microsoft (NASDAQ:MSFT) while also highlighting the strength of the consulting business. In the meantime, as charted below, the software giant's stock has delivered three times more gains thanks to the billions of dollars it invested in ChatGPT and its Azure OpenAI services used to generate content and build chatbots. Data by YC ...