Seeking Alpha
23 Oct 2026, 12:15 UTC · 2h ago
Expect The Fed To Start Cutting Rates - As Soon As Next Week
Impact · against what's priced in
The article provides no catalyst for Meta or IBM as it describes a macro environment that is either already assumed or fails to address the specific revenue drivers currently determining their valuations. Potential Fed rate cuts are offset by the author's thesis that an AI bubble burst is accelerating, which aligns with the cautious growth expectations already baked into these stock prices.
- IBM−0.10
Already priced in
- The price assumes
The bear case that hardware spending is permanently cannibalizing software budgets
The author's view that an AI bubble burst is accelerating supports the bear case that AI spending may not pivot back to software, an outcome the market is already partially weighting by rejecting the bull case targets.
What IBM's price assumes · Aug 26
