In the AI sector and also with regard to quantum technology $IBM (+0.12%)
My current leverage product JT89BG unfortunately only runs until September. This means that it will soon be time for an exchange.
The IT group IBM (NYSE:IBM) is one of the major beneficiaries of the current AI wave, according to the US investment bank Wedbush. In a recent study, analyst Dan Ives raised his price target for the shares from USD 300 to USD 325. IBM remains one of the top recommendations in the software sector and is part of the "IVES AI 30" list compiled by Wedbush, which includes companies with strong AI potential.
According to Ives, IBM is still in the early stages of a growth cycle despite the recent share price development. He cited the increasing importance of artificial intelligence in the operational business as a key driver. The company already has an AI-supported order volume of more than six billion dollars. Over 70 AI-based workflows are now supported - including in sales, finance and marketing.
Demand for products from the subsidiary Red Hat and the recently acquired cloud specialist HashiCorp is also contributing to growth. In this context, Wedbush emphasized IBM's hybrid cloud architecture, which, together with AI applications, enables continuous innovation. According to the analysts, the majority of AI applications are likely to be container-based by 2027 - an area in which IBM is well positioned.
Further tailwind is expected to come from the developments surrounding the WatsonX platform and AI-supported software agents. Clients are increasingly viewing IBM as a partner for building and scaling their own AI applications. According to the company, there have been no noticeable changes in purchasing behavior in the overall portfolio so far.
In the long term, IBM is also investing more in the area of quantum computing. The development agenda includes the "Quantum Starling" system and the new "Quantum Nighthawk" chip, which is intended to enable greater fault tolerance and better networking. Even though this area is still being developed, IBM sees it as a strategic growth market with potential worth billions.
IBM is well positioned to benefit from the increasing demand for hybrid cloud and AI solutions, concludes Ives. Companies would increasingly rely on such technologies to achieve efficiency gains and future-proof their business models
