12 AI Stocks That Will Skyrocket

9. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holdings: 63

Enterprise computing firm International Business Machines Corporation (NYSE:IBM)’s shares were on financial firm Wedbush’s radar on February 25th. It reiterated an Outperform rating and a $340 share price target and commented that the technology company’s presence in the enterprise computing market could be clouded by the fears of AI-generated disruption. While most attention is focused on AI, International Business Machines Corporation (NYSE:IBM) has also carefully established itself as a key player in the quantum computing industry. On March 12th, it took the wraps off of the industry’s first quantum computing-based supercomputing architecture through which researchers will be able to access tools through well-known open software frameworks.

Investment bank Morgan Stanley also discussed International Business Machines Corporation (NYSE:IBM)’s shares on February 25th. It cut the share price target to $247 from $304 and kept an Equal Weight rating on the shares, as per The Fly. Anthropic’s Claude Code tool played a role in Morgan Stanley’s coverage as it pointed to the tool’s impact on the mainframe business.

International Business Machines Corporation (NYSE:IBM) is one of the largest enterprise computing companies in the world. The firm is headquartered in Armonk, New York.