5 Best Dividend Stocks to Buy According to Billionaire Mario Gabelli

3. International Business Machines Corporation (NYSE: IBM)

Gabelli’s Stake Value: $4,033,000
Percentage of Mario Gabelli’s 13F Portfolio: 0.0354%
Dividend Yield: 4.53%
Number of Hedge Fund Holders: 41

International Business Machines Corporation (NYSE: IBM) that provides integrated solutions and services recently made history after becoming the first tech company to make a 2-nanometer chip through its nanosheet technology. This is a significant breakthrough considering that the market is only now shifting to 7 NM and 5 NM chips. IBM’s recent breakthrough is a huge leap forward for the tech industry, especially with the growing demand for powerful and energy-efficient processors.

International Business Machines Corporation (NYSE: IBM) reported that the new 2 NM chips use 75% less energy and are 45% more powerful than the most powerful 7 NM chips in the market. The company is expanding its AI and hybrid cloud portfolio through its recent acquisition of Waeg. The latter is a consulting partner for Salesforce in the UK. The acquisition is a strategic move given that the integration of Salesforce services into IBM’s services will help facilitate rapid adjustments to changing customer needs.