Jim Cramer shared his thoughts on International Business Machines Corporation (NYSE:IBM). Cramer praised the company's CEO.
"Let's take them one by one, starting with IBM, which has become an incredibly strong performer with a stock that's nearly tripled since late 2022 when it broke free from its... all-time highs. It's also rallied over 40% over the past 12 months. Horse. Take a look at all the daily charts here because this paints a very encouraging picture," Cramer said.
International Business Machines Corporation provides software, consulting, and cloud and on-site technology solutions, along with financing to help clients use its products.
While the potential of IBM as an investment is acknowledged, certain AI stocks are believed to offer greater upside potential and carry less downside risk.