IBM shifts focus to cloud computing and AI, with strong growth potential in AI market

From Nasdaq: 2024-04-04 07:53:00

In 2012, under new leadership from Ginni Rometty, IBM shifted focus to cloud computing and AI, selling off hardware and services. CFO Jim Kavanaugh sees the addressable market for hybrid cloud and generative AI worth trillions. IBM’s decades of consulting expertise give it a competitive edge in the booming AI market, potentially redefining industry standards. IBM is a value play in the AI market, trading at a discount compared to other tech giants. IBM’s stock has strong growth potential as it embraces the future of AI and consulting services.



Read more at Nasdaq: Where Will IBM Be in 3 Years?