How strong technology IBM turns into artificial intelligence darling

• IBM has begun to be an Amnesty International to pay a great time.

• It doubles on the artificial intelligence strategy, as it unveils new products at the Think conference on Tuesday.

• “The first is still in the game of nine games,” Dan Evez, a Wedbush analyst, told Business Insider.

IBMThe boring central computers’ identity is transmitted to fast -growing artificial intelligence, as the 113 -year -old company doubles to artificial intelligence.

At the IBM Think conference on Tuesday, CEO Arvind Krishna revealed a set of New Artificial Intelligence Products And services in an attempt to develop the Trucific artificial intelligence, which he said has turned into a business of $ 6 billion.

In essence, IBM helps companies to adopt artificial intelligence techniques, create their own agents based on ownership data, and link various artificial intelligence agents from other software providers.

Analysts believe it has just started.

“Arvind, he is in the process of making a Microsoft -like shift.” “The first game is still in the nine games game.”

Evez said that the transformation of IBM to Amnesty International was rooted in its acquisition of a 34 billion dollar cloud service provider in 2019, but the matter was not until Krishna assumed the position of CEO in 2020, when IBM started AI’s efforts.

Evis added: “Ovend has assumed the position of CEO who started, and who started the engine, and I believe in particular last year, I have seen an acceleration,” Evis added.

IBM turns into artificial intelligence that pays off. The stock has increased by 14 % so far, which greatly outperforms the Nasdak 100 by 5 %.

Evis said part of the IBM power is that it was built as an open basis for AI’s efforts, allowing it to flexibility in combining the various artificial intelligence solutions of its customer base.

In addition to developing its revenues, artificial intelligence also helps to increase IBM profits due to great cost savings, which amount to $ 3.5 billion annually over the past two years.

IVES highlighted that increasing productivity in IBM, which was opened by artificial intelligence, helped the company to increase its profit margins by 5 points.

“The company has provided 250 thousand hours because of its investments of artificial intelligence,” IVE said, adding that it was “more upward” on stocks.

Wedbush rates IBM rates in “Outperform” with the price target of $ 300, which represents the potential upward trend by 20 % of the current levels.

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