IBM ($IBM): A different kind of AI story. 👀

IBM is positioning itself around AI, hybrid cloud and enterprise software, rather than competing directly in the AI-chip race.

Q2 2026 revenue reached $17.2B, with Software revenue growing 5% and Red Hat growing 11%. IBM also raised its full-year constant-currency revenue growth outlook to 4%–5%.

At the same time, Infrastructure revenue declined 7%, showing that IBM’s transformation is still a work in progress.

AI opportunity, stable cash flow, but execution remains important.

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