5 Cloud Computing Stocks to Watch As AI Arms Race Is Underway

4. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 49

Upside Potential: 9.41%

Analyst Price Target: $146.56

In total, 49 hedge funds were long International Business Machines Corporation (NYSE:IBM) in the first quarter. Their total stake value was $1.5 billion.

Credit Suisse’s Shannon Cross holds an Outperform rating on International Business Machines Corporation (NYSE:IBM) shares as of June 26, alongside a $162 price target.

International Business Machines Corporation (NYSE:IBM) contributes to the cloud computing industry with its open and secure public cloud for business with a next-generation hybrid cloud platform, advanced AI capabilities, and more.

Follow International Business Machines Corp (NYSE:IBM)