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Core News Facts
IBM (NYSE: IBM) is a leader in quantum computing and AI, yet its stock trades at a significantly lower valuation compared to competitors Microsoft and Nvidia—4.0 times sales versus Microsoft’s 11.3 and Nvidia’s 44.3 as of October 23, 2023. Despite a 29% stock increase year-to-date, IBM’s recent earnings report noted AI-based contracts grew to $9.5 billion, up from $7.5 billion three months prior.
American Express (NYSE: AXP) reported consistent growth, beating analyst expectations with double-digit percentage increases in sales and earnings. Anticipating 2025, the company is implementing AI advancements and blockchain technology.
Walmart (NYSE: WMT) is adapting e-commerce strategies similar to Amazon and Costco, yielding a 25% growth in online orders year-over-year in its second-quarter report. The company’s stock is now valued at 36 times forward earnings estimates.
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