James Schneidera technology analyst at Goldman Sachs, became Very optimist with two large companies in the IT sector: International Business Machines (IBM) and Globant.
First of all, the specialist recommended buying IBM shares because the company “is in the middle stage of pivoting its portfolio toward a set of modernized infrastructure software and applications and a broader range of services, away from a legacy-focused portfolio”.
Additionally, IBM’s organic investments in artificial intelligence (AI) offerings, such as WatsonX, finally began to “give dividends”.
Although IBM shares fell about 13% in April, the corporation’s medium-term trend remains solid: In the last twelve months, the price has accumulated a rise of 42%.
On the other hand, Schneider advised investing in Globant because it is in the information technology services industry, whose expenses are now shifting towards AI, which could pay off over time.
“Generative AI is likely to ultimately be a net benefit to the sector, but it may take some time to achieve these benefits due to the technical debt that corporations must overcome before they can reap the benefits of AI”clarified the expert in a note for his clients.
Invest in IBM and Globant
For those interested, From Argentina you can invest in IBM and Globant quickly and easily. All you have to do is open a client account in a brokerage company regulated by the National Securities Commission such as Bull Market Brokers, a free process that will not take more than five minutes, and, after depositing the desired funds, acquire cedars.
Cedears or Argentine Deposit Certificates are instruments that are equivalent to buying the underlying stock listed abroad (NYSE: IBM), but they can be operated in pesos (BCBA: IBM) and follow the evolution of the CCL dollar, so they allow evade the Argentine risk and, at the same time, hedge against a possible exchange rate jump.
