10 AI Stocks Making Waves on Wall Street

7. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 56

International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products. On February 17, the company announced a collaboration with Penn State, a Pennsylvania-based, top-ranked public university. The collaboration will allow the development of MyResource, an AI-powered student concierge built with Watsonx, IBM’s portfolio of AI products.

Expected to launch in the fall semester to nearly 90,000 Penn State students, the gen AI-powered assistant will allow streamlined access to campus resources, such as academic advising, health and wellness, and financial aid. The need for the concierge was discovered after an analysis by the university student leaders, who identified how students needed improved access to campus services. IBM is also planning to bring this solution to other higher education institutions in the United States.

“IBM is honored to co-create a solution with Penn State that will play a significant role in its goal to advance engagement from students through an AI-infused assistant. Penn State students want quicker access to the important resources they need to be successful during their college experience and beyond. By integrating IBM’s AI, Penn State can unlock new possibilities for its students.”

-IBM General Manager, Public Sector Frank Attaie.