How IBM Could Benefit from Artificial Intelligence
A new Wall Street report highlights the potential benefits of artificial intelligence (AI) for International Business Machines (IBM). Analysts at Melius Research believe that AI could help IBM’s consulting business cut labor costs through automation, leading to what they describe as a potential “golden age” for the industry.
Other Companies Poised to Benefit from AI
Although Accenture (ACN) may be the obvious consulting behemoth to benefit from AI, considering the company’s recent announcement of a $3 billion investment in the space, CNBC’s Jim Cramer suggests that other companies, like IBM, could also have a stake in the AI revolution.
Stocks to Watch
Cramer advises keeping an eye on stocks that help onboard customers, such as Salesforce (CRM), a CNBC Investing Club featured stock, and ServiceNow (NOW). Both companies could experience future growth thanks to AI.