Leading analyst says IBM stock could fall 18% and Watson won't save the day

IBM's stock is poised to fall 18 percent and the company's AI supercomputer, Watson, won't move the needle, Jefferies' James Kisner told CNBC on Wednesday.

"The whole cognitive software market for artificial intelligence was $1.5 billion last year. As we spoke to a lot of industry contacts and customers, and competitors, they all had the same sort of comment: IBM is an expensive solution," he argued.

http://www.cnbc.com/2017/07/19/analyst-says-ibm-stock-could-fall-18-percent-and-watson-wont-save-the-day.html

Comment! It's anonymous!

2 replies (most recent on top)

Watson is over marketed and under delivers, cloud was not invested in nearly enough if IBM intended to actually make a play against AWS there, and the services arms are low quality, underskilled for the latest tech, and so regularly f---s up projects that you can find a treasure trove of them if you just Google "sues IBM."

Queensland — a $1 billion contract, Pennsylvania — $100 million, and Indiana — $1.3 billion, all canceled these projects AND sued IBM due to delays and low quality work. It's starting to become a joke.

I thought Watson can run the company better than these white collars on mahogany row.

The only thing that is saving this company in the US government work, bandaid servicing, and the current stock market run up.

WTF?

Thread regarding IBM layoffs

Leading analyst says IBM stock could fall 18% and Watson won't save the day

2 replies (most recent on top)

Post a reply