IBM (IBM) is focusing on providing AI to companies, and it should benefit from the latter approach, Steven Dickens, the CEO of HyperFRAME Research told the Schwab Network recently.
IBM is slated to report its first-quarter results today after the market closes.
A closeup of a woman’s hands typing rapidly on a laptop in a corporate office setting.
IBM’s Approach to AI
The tech giant is primarily looking to help companies implement AI, and it’s specializing in providing low-cost, security-oriented AI, Dickens reported. The latter approach is being well-received by companies, according to the expert.
Moreover, IBM can provide “operational and automation management” of any hybrid cloud, and it’s “doubling down on (its) open-source (approach,)” according to Dickens.
The firm also plans to use its footholds with many businesses to sell more of its AI-powered WatsonX software and to generate more revenue from its consulting business, Dickens stated.
Dickens’ Bottom Line on IBM Stock
The firm is “well-placed to ride the wave of the AI trade,” Dickens said.
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This article is originally published at Insider Monkey.
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