In the world of stocks, where opportunities often come at a premium, it’s rare to stumble upon bargains that have the potential to catapult your portfolio to new heights. Yet, amidst a bullish market trend, a handful of tech stocks have defied the odds, offering investors a chance to strike gold.
Alphabet (GOOG, GOOGL)
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is rumored to be on the cusp of a groundbreaking partnership with Apple (NASDAQ:AAPL), where Google’s AI marvel, Gemini, could potentially power Apple’s iPhones.
This strategic alliance has the potential to not just move the revenue needle for Alphabet but also catapult it into the stratosphere of global recognition, a win worth more than a king’s fortune.
Gemini, with its unparalleled ability to process vast amounts of data swiftly, is set to captivate audiences as it permeates the iPhone ecosystem. The more its strengths are showcased, the more ubiquitous its adoption is likely to become, paving the way for new revenue streams for Alphabet.
In the midst of all this technological marvel, Alphabet’s search engine remains robust, and its YouTube platform flourishes. Moreover, the Google Cloud segment is sprinting ahead with profitability.
IBM (IBM)
Source: shutterstock.com/LCV
IBM (NYSE:IBM) has unleashed WatsonX, a revolutionary system designed to assist businesses in the seamless integration and deployment of AI, simplifying coding processes, and enabling data storage for AI applications.
The tech titan witnessed a 6% surge in revenue from its data and AI segment in Q3 2023, all thanks to the WatsonX’s prowess. CEO Arvind Krishna highlighted a double-fold surge in demand for AI services, underscoring the platform’s significance in IBM’s growth trajectory.
With an anticipated free cash flow of $12 billion this year, IBM’s shares are currently trading at a mere 14.75 times that forthcoming cash flow, making it a standout deal in the realm of tech investments.
PayPal (PYPL)
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