IBM is playing a different AI game: Portfolio manager

Yahoo Finance Video
36,540 次觀看・3 個月前

IBM (IBM) stock is rallying following its strong second-quarter earnings report, beating on both the top and bottom lines. Dan Morgan, Synovus vice president and senior portfolio manager joins Market Domination Overtime to share his insights on the company's performance and outlook.

Morgan emphasizes a key highlight from the report: IBM's disclosure of $2 billion in booked revenue from generative AI, doubling from the first quarter. He notes that IBM's approach to AI differs from its competitors, focusing on the hybrid space. "They just have a different strategy towards AI and cloud than a lot of these other companies do," Morgan explains, pointing out that IBM isn't "playing in the same sandbox" as other prominent AI names.

Regarding AI revenue generation, Morgan observes that IBM appears to be successfully monetizing its AI initiatives. "That's why I think this report is being met with... applause," he tells Yahoo Finance.

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This post was written by Angel Smith