IBM: AI Peanuts
IBM(IBM) Seeking Alpha·2024-07-26 04:51
matejmm/E+ via Getty ImagesIBM (NYSE:IBM) has soared to decade highs on the back of generative AI hype. The tech giant still hasn't produced the growth to warrant any excitement over AI, despite having one of the original AI platforms in production with Watson. My investment thesis is back to Bearish on the stock after the jump above $190 in initial trading. Source: FinvizStill No Real Growth After the close, IBM reported a revenue beat for the Q2'24 earnings, but revenue didn't even grow 2% in the qua ...