12 AI Stocks Making Waves Today

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9. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 60

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 April 28, the company announced that it plans to invest $150 billion in America over the next five years to boost the economy and to accelerate its role as the global leader in computing. The investment will include more than $30 billion in research and development, aiming to advance IBM’s American manufacturing of mainframe and quantum computers.

“Technology doesn’t just build the future — it defines it. We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities.”

-Arvind Krishna, IBM chairman, president and chief executive officer.

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