Three ETFs Hold Up to 8.40% of Their Portfolios in IBM Shares
Photo: TokenPost
IBM shares accounted for as much as 8.40% of three exchange-traded funds’ portfolios as CEO Arvind Krishna said large companies are scrutinizing returns from artificial intelligence spending. At IBM’s earnings call Wednesday, Oct. 21, Krishna said larger enterprises are examining whether their AI investments are paying off. He warned about spending that grows without a clear return, while saying AI can improve productivity when companies redesign workflows to use it. His comments addressed corporate AI spending broadly; he did not say IBM’s own AI investments were failing to pay off.
Source: TokenPost
