The Street sees through the smoke and mirrors.
https://www.investors.com/news/technology/ibm-stock-confluent-cflt-news-ai-software/
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The cabal of thieves running IBM is continuing its work to dismantle the company. IBM has 2 major products, Z (mainframe) and Power. The Indian at the top rewarded his homeland with Power. Both Hardware development and AIX has been moved to India in recent years. The Indian at the top will soon announce that Power will be sold to some entity in India to be able to pay for his current splurge.