Mega-Cap Tech Earnings: AI Race Heats Up

In the wake of the recent mega-cap tech earnings releases, CNBC’s ‘Closing Bell’ invited Mark Mahaney of Evercore ISI and Jason Snipe of Odyssey Capital Advisors to delve into the competitive landscape and identify the frontrunners in the burgeoning AI arena. Their insights shed light on the key players making strides in this transformative technology.

Evercore ISI Maintains Outperform Rating for IBM Ahead of Earnings Call

Evercore ISI has reaffirmed its positive outlook on IBM shares, maintaining an Outperform rating and a price target of $215.00. The firm anticipates IBM’s upcoming quarterly earnings call to highlight the company’s strength in the Hybrid Cloud Platform (HCP) and Artificial Intelligence (AI), which are expected to drive growth. The call may also provide insights into IBM’s strategy and performance in the first quarter. Investors are awaiting further details on the company’s financial performance and strategic initiatives.

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