IBM's Watson Stated Not To Buy IBM

IBM is a 100-plus-year-old computer-services giant has been trying to reinvent itself for years to stay young and relevant. IBM has been making mainframes, but everything is on the cloud now. A couple of years ago, IBM over paid for Red Hat out of desperation in an attempt to immediately complete in the cloud computing service business.

Yesterday, IBM reported earnings and yet again, it was bad. IBM fell over 6% after market on Thursday on the heels of reporting annualized revenue decline of 6% for the fourth quarter of 2020, its fourth consecutive quarter of revenue decline.

At least IBM has Watson, but you never hear about IBM talking about AI. IBM has made large strides in the field of AI software by developing Watson, which not only delivers on its promise, but goes beyond it by incorporating several different technologies that enable it to perform more effectively than even the best supercomputers can.

Since Watson is an open-source software, it allows other tech firms to add additional resources to it in order to develop new systems of their own. IBM has made a strategic decision to partner with other companies that contribute to the development of Watson and has open sourced the code that underlies the algorithm behind the program. And now IBM is pick stocks to buy.

Artificial intelligence will likely revolutionize the global economy in the next several decades, and Wall Street is not immune to the AI disruption. In fact, financial services company EquBot is already leveraging the power of the IBM AI Watson supercomputer to manage a unique exchange-traded fund, the AI Powered Equity ETF (ticker: AIEQ). Watson selects stocks it believes will outperform the market and adjusts the fund's holdings accordingly. AI is getting smarter by the day, and the ETF has outperformed the S&P 500 significantly in the past year.

Source

Watson stated to buy these stock:

-- Tesla (TSLA)

-- Advanced Micro Devices (AMD)

-- Enphase Energy (ENPH)

-- Alphabet (GOOGL)

-- Moderna (MRNA)

-- Zscaler (ZS)

-- Etsy (ETSY)

I think interesting picks on the list is Zscaler and Enphase Energy. But you know what's more interesting, it this AI Powered Equity ETF...which I must look into.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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