“Buzzwords like Watson, AI, and now hybrid cloud have been little more than empty rallying cries that
have left IBM investors in tears,” says David Nelson, chief strategist at Belpointe Asset Management.
Since Rometty took over in early 2012, IBM shares have fallen more than 36% versus the broad
market’s 118% return.
Nelson adds, “Every time they stumbled, we got another buzzword.”
https://www.barrons.com/articles/with-red-hat-ibm-makes-a-big-cloud-promise-the-reality-is-far-more-hazy-1541199704