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IBM is on pace for its worst day ever

cnn.com

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Re: IBM is on pace for its worst day ever

#31

Post by Glandalf »

criddell wrote: post #26
bix6 wrote: post #16

Earlier quoted context omitted.

If I read that as an IBM investor I might fully exit. The new product flopped, growth was 1%, and the CEO sounds extremely unconfident. There are way better places to put your money given the potential for future earnings now looks incredibly weak.

Where would you put your money? Everything in the US seems to have exposure to the AI bubble. Is Europe sitting out of the AI race? Maybe some euro etf?

COMEX is running lower on silver, their dumping is not sustainable. Could hit $500, $5000.

Re: IBM is on pace for its worst day ever

#32

Post by khurs »

MangoCoffee wrote: post #14

its ironic that IBM sold off its x86 pc/server to Lenovo and kept their big iron (mainframe) but now everyone is buying up pc/server due to AI boom. Dell's stock have been surging with the rest of AI stocks

Lenovo sale was decades ago. IBM could have bought a pc company in 2022 when ChatGPT came out or anytime since.

But strategically they decided against a Hardware play and went for software:

2022- ChatGPT released

2023 - IBM buys Manta Software Inc undisclosed sum

2023 - IBM buys Software AG's StreamSets and webMethods $2.33 billion

2025- IBM buys Hashicorp $6.4 billion

2025 - IBM buys Confluent $11 billion.

https://en.wikipedia.org/wiki/IBM

https://en.wikipedia.org/wiki/HashiCorp

Re: IBM is on pace for its worst day ever

#34

Post by [deleted] »

Glandalf wrote: post #31
criddell wrote: post #26

Earlier quoted context omitted.

Where would you put your money? Everything in the US seems to have exposure to the AI bubble. Is Europe sitting out of the AI race? Maybe some euro etf?

COMEX is running lower on silver, their dumping is not sustainable. Could hit $500, $5000.

[deleted]

Re: IBM is on pace for its worst day ever

#35

Post by andrewstuart »

Glandalf wrote: post #33
andrewstuart wrote: post #23

And then bounces back. Go buy it right now, profit tomorrow.

Awful advice usually given by red-faced bag holders, lol. Wait for the real bottom, buy it IF it starts to recover.

“Wait for the real bottom” is doing a lot of work.

Tell you what, come back here in 24 hours and let’s touch base and we will see if you or I was right.

IBM currently $217.76 down 24.97% my prediction it bounces back up within 24 hours.

Re: IBM is on pace for its worst day ever

#37

Post by bigfatkitten »

jeffbee wrote: post #28
MangoCoffee wrote: post #14

its ironic that IBM sold off its x86 pc/server to Lenovo and kept their big iron (mainframe) but now everyone is buying up pc/server due to AI boom. Dell's stock have been surging with the rest of AI stocks

I think it made sense on its own terms. They retrenched into the business where they are actually differentiated. It is notable that IBM net margins have been ~15% at best for decades. It's an odd business that is huge and just trucks along without remarkable growth. It is the butt of jokes but also a top 100 company by many measures.

> It's an odd business that is huge and just trucks along without remarkable growth.

This isn’t odd at all. It’s a feature common to most businesses that have been around 100 years or more.

Re: IBM is on pace for its worst day ever

#39

Post by jeffbee »

bigfatkitten wrote: post #37
jeffbee wrote: post #28

Earlier quoted context omitted.

I think it made sense on its own terms. They retrenched into the business where they are actually differentiated. It is notable that IBM net margins have been ~15% at best for decades. It's an odd business that is huge and just trucks along without remarkable growth. It is the butt of jokes but also a top 100 company by many measures.

> It's an odd business that is huge and just trucks along without remarkable growth. This isn’t odd at all. It’s a feature common to most businesses that have been around 100 years or more.

Well, it's odd in that they do this sideways financial performance while also from time to time dropping a state-of-the-art microprocessor, like a real tech giant.

You could also see that it's odd in that most companies from 100 years ago simply don't exist. The perfectly flat trajectory bordering on fade-out is uncommon. The median 100-year-old tech company is Sperry, not IBM.

Re: IBM is on pace for its worst day ever

#40

Post by thegrim33 »

Don't forget when it comes to things like this - if in this case IBM ever had an astoundingly good day, CNN would never write an article about it, and you'd never see it on HN. They choose the picture of reality to install in the reader's minds by selectively choosing what news to report on vs. what to ignore.
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