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IBM Stock: Bear vs. Bull

·5 min read
IBM Stock: Bear vs. Bull
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Arvind Krishna, the former cloud chief who succeeded Ginni Rometty as IBM's CEO in April 2020, orchestrated the spin-off of Kyndryl (NYSE: KD), which contained its struggling managed infrastructure services unit, to streamline IBM's core business and focus on the expansion of its hybrid cloud and AI services. The bears dislike IBM for three reasons: Its cloud growth was unimpressive under Krishna, it faces tough competition in the hybrid and AI markets, and it's still juggling a lot of slower-growth businesses. Instead of disclosing its total cloud growth for 2021, it said its hybrid cloud revenue grew 20% (19% in constant currency terms) to $20.2 billion.