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Pathikrit Bose

This Blue-Chip Stock is at 10-Year Highs: Is it Still a Buy?

IBM Accenture Amazon Cognizant Microsoft

Shares of International Business Machines (IBM), better known as IBM, have managed to stay out of the limelight of the artificial intelligence (AI) revolution that is currently underway in the tech sector, with hypergrowth names like Nvidia (NVDA) dominating the storyline. Still, to underestimate IBM's prowess would be a mistake.

Established in 1896, the Armonk, NY-based company's stock has been quietly trading at 10-year highs over $200 per share, and has outperformed the S&P 500 Index ($SPX) in 2024 with a gain of 23.6% so far.

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