You can get AI growth with less risk

Article Excerpt

A good way for investors to tap into the fast-growing field of artificial intelligence (AI) is with these three well-established technology firms. IBM and Cisco are using AI to improve the quality of their software, while Texas Instruments’ chips help run AI applications such as facial recognition and self-driving vehicles. What’s more, all three continue to reward investors with dividend hikes and share buybacks. INTERNATIONAL BUSINESS MACHINES CORP. $132 is a buy. The company (New York symbol IBM, Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 904.1 million; Market cap: $119.3 billion; Price-to-sales ratio: 2.0; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.ibm.com) is one of the world’s largest computer firms, with operations in over 175 countries. In the past few years, IBM has shifted its focus to its more-profitable cloud computing, consulting and mainframe businesses. It now gets over 75% of its revenue from its software and consulting. In the three months ended March 31, 2023, IBM’s revenue rose 0.4%, to $14.25 billion from $14.20…