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International Business Machines Corporation (NYSE:IBM) is one of the 10 Best Stocks to Buy According to Billionaire Richard Chilton.

Technology giant International Business Machines Corporation (NYSE:IBM) made a key announcement recently when it announced its 0.7-nanometer chip manufacturing technology. This technology is the most advanced chip manufacturing technology in the world. International Business Machines Corporation (NYSE:IBM) claims that it carries the potential to significantly grow AI GPU performance. In 0.7-nanometer, the firm bonds wafers to stack transistors on top of each other.

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JPMorgan discussed International Business Machines Corporation (NYSE:IBM)'s shares on June 23rd. It raised the share price target to $291 from $270 and bumped the rating to Overweight to Neutral. The financial firm discussed the technology company's software business and outlined that International Business Machines Corporation (NYSE:IBM) could see its software business grow in the future. On the same day, Morgan Stanley raised the share price target to $267 from $225 and kept an Equal Weight rating on the stock. The bank remarked that International Business Machines Corporation (NYSE:IBM) could benefit from hardware refresh cycles and growth in compute hardware requirements.

While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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