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Why IBM’s CEO Isn’t Worried About the Biggest Stock Selloff Since Black Monday
IBM CEO Arvind Krishna Interview with Christopher Mims on IBM's mainframe hardware business and its future in quantum computing. IBM sees quantum computing as a trillion dollar business and CEO Krishna thinks it will happen sooner in the next 4-5 years. Siimilar to Nvidia's lead in AI type chips IBM holds lead in quantum computing hardware technologies. IBM's mainframe business generates 20-25% of sales but it also generates software and services sales related to IBM's hardware which is about $4 for every dollar of mainframe sales. IBM was affected by not enough orders closing last quarter yet this has picked up with a lot of the orders closing in the first month of the second quarter. Krishna is optimistic about IBM's future.
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