Top Stocks To Buy For Medium Term

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Top Stocks To Buy For Medium Term

Top Stocks To Buy For Next 6 Months

Are you looking to buy and hold world-class stocks for the next 6 months or more? Then you should pick Intel (INTC) and International Business Machines (IBM). These are established tech companies that also give you exposure to the AI sector.

Intel (Intc)

Intel (INTC) stock is doing really well and is already sitting at 90% upside this year. The CEO of Intel is also taking measures to slash costs and is pushing the company to capitalize on the best opportunities.

Another impressive thing about Intel is that it has regained leadership in the server and PC CPU market. This is a really big change, considering the company was losing market share for years.

It also justifies how Intel spends big money and time on its manufacturing efforts without winning any customers. But now, it seems that all investments are paying off as Intel is reclaiming the market.

The CEO has proven himself to be a game-changer for Intel. Meanwhile, even the US government has acquired a 10% share in the company, which highlights the importance of Intel. In exchange, Intel will get grant money, which could be used to further expand the company.

International Business Machines (Ibm)

It took IBM a while, but they have managed to start seeing results of their AI strategy. Moving into AI also allowed IBM to improve its revenue growth.

IBM has also paired its consulting services with its custom-built AI software platform. In addition, IBM is also focusing on building cheap and small AI models. So, that can also prove to be a game-changer for IBM.

To give you some perspective, IBM has booked $7.5 billion from its generative AI business. As per the details, most of that was from its consulting business.

In Q2, the company made around $1 billion from the AI consulting. So, that's a clear sign that the company is now making more money from the AI sector.

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