Did IBM Just Tell the Truth About AI?

IBM's CEO may be uniquely honest in flagging enterprise pushback on AI ROI, challenging assumptions of unlimited AI spending.

• Lam Research's razor-and-blades model: Customer support services hit $2.5B in sales, up 40% for a fourth straight record quarter, expected to grow ~30% this year vs. the company's historical 15% target.
• Advanced packaging as growth engine: Lam expects advanced packaging sales to grow ~70% this year as chipmakers stack multiple chips instead of building single larger ones for AI and high-bandwidth memory.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.