Is Bristol-Myers Squibb (BMY) One of the Best Dividend Stocks to Invest in According to Hedge Funds?

Bristol-Myers Squibb Company (NYSE:BMY) discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.

Bristol-Myers Squibb Company (NYSE:BMY) announced connected May 20 that it was partnering with Anthropic to deploy Claude crossed its research, objective development, manufacturing, commercial, and firm functions. The statement volition supply implicit 30,000 BMS employees with the level and signals a important improvement successful however the pharma institution deploys AI, extending good beyond the general-purpose chat tools and toward “agentic capabilities built into the day-to-day workflows and systems that underpin its subject and planetary operations”.

Moreover, Bristol-Myers Squibb Company (NYSE:BMY) revealed that it would besides leverage Anthropic’s ​coding tool, Claude Code, and measure its usage ⁠in research, cause development, manufacturing, and different ​commercial and aesculapian affairs.

Greg Meyers, EVP and Chief Digital & Technology Officer astatine Bristol-Myers Squibb Company (NYSE:BMY), commented:

“For much than 160 years, BMS has pushed the boundaries of subject to alteration patients’ lives, and artificial quality is the azygous astir almighty accidental we person to accelerate that ngo today. Most endeavor AI stops astatine the chatbot. The existent prize is the untapped worth inactive trapped down decades of information silos, and this collaboration is however we scope it. Anthropic’s Claude gives america the agentic capabilities, gait of innovation, and information indispensable to link our systems and enactment that corporate cognition successful the hands of each BMS worker to accelerate innovation for patients. The companies that pb the adjacent decennary of biopharma volition beryllium the ones that larn to run fundamentally otherwise with AI, and BMS intends to beryllium 1 of them.”

While we admit the imaginable of BMY arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: Top 12 Undervalued Dividend Stocks to Buy Now and 12 Best Blue Chip Dividend Stocks to Buy Now

Disclosure: None. Follow Insider Monkey connected Google News.