Carol Masser

Listen, their bookings for their AI business at IBM exceeded $12.5 billion since mid-2023.

That's an increase from the $9.5 billion disclosed during its prior earnings report.

A bit more than 80% of the bookings come from the consulting unit with the rest in software, according to the CFO in an interview.

Their AI exposure, I mean, this is something that has been, I think, helping the struggling, long struggling consulting division.

So are we seeing improvement?

All right, Bloomberg Intelligence Senior Technology Analyst, Anurag Rana.

Just stay with us for a moment because we do want to bring in James Chokmok, Partner and Chief Investment Officer at Clockwise Capital with about $70 million in assets under management, a fund that we often talk about, owns and invests in a lot of these big cap names.

I want to go back to Microsoft.

James, tell us your take on what we got from Microsoft.

The stock right now down about 4.25%.

James, we're going to broaden out, but safe to say you're not that impressed with Microsoft, it sounds.

All right.

We're going to broaden out in just a moment.

I want to bring in Anurag Rana back from our Bloomberg Intelligence team.

He's senior tech analyst.

Just a final thought.

James isn't impressed.

Should he be?

All right, we're going to leave it there.

Hey, listen, we'll be checking out your research.