Jim Cramer Says “IBM’s the Rare AI Winner With a Fairly Low Price-to-Earnings Multiple”

International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer shared his thoughts on. Cramer believes that the stock has “a lot more room to run,” as he stated:

… They reported, and boy, that stock soared 5% today in response to an unambiguously good quarter. Closed at $309… Long story short, it was an amazing quarter, and I’m betting IBM has a lot more room to run even after today’s rally. Now, some of that’s simply because IBM rolled out a terrific full-year forecast for 2026 last night… IBM’s the rare AI winner with a fairly low price-to-earnings multiple. Sometimes, you gotta find some of those. Even after today’s rally, the stock sells for a little more than 25 times this year’s earnings estimates. And the estimates may well prove to be too low as IBM has beaten the earnings expectations for 17 consecutive quarters. Of course, 25 times earnings is still a bit of a premium to the broader market. The S&P trades at 22 times this…