Investor reveals why he started buying IBM this morning

WHAT AIRBORNE THREATS DOES HE SEE? COMING UP TO MAKE THAT CASE. LET'S GET TO THE FLOOR SHOW, THE SITUATION DOES TRANSPARENCY, THEY FOUND IT IMPORTANT TO GET OUT NOW AHEAD OF THE EARNINGS. >> I STARTED BUYING THIS MORNING BEFORE I WROTE MY EARLY NOTES AND THROUGHOUT THE DAY AS WELL. THIS IS MY CONTRIBUTE, IT'S QUITE STRONG. I HAD SOME SMALLER QUANTUM NAMES EARLIER IN THE YEAR END PERHAPS A BIT BUT PROBABLY IBM'S WILL BE THE WINNER IN THAT SPACE. IBM STILL HAS POSITIVE OPERATING FREE CASH FLOWS TO COMPETE IN A BUSINESS WHERE THEY ARE LOSING MONEY SUCH AS QUANTUM COMPUTE AND THAT WILL BE A VERY BIG DEAL. >> IN FACT, THE QUANTUM BUSINESS AND I THINK THIS IS IMPORTANT, IT'S GOTTEN A LOT OF ATTENTION FROM THE TRUMP ADMINISTRATION AND THEY ARE GOING TO BE BENDING SOMETHING LIKE TEN BILLING DOLLARS ON THE QUANTUM BUSINESS AND THAT WOULD MEAN THEY WOULD HAVE A LARGE SCALE QUANTUM COMPUTER BIKE 2029 AND I THINK THAT'S STILL ON TRACK SO YOU THINK THE QUANTUM PIECE IS ENOUGH, ALONG WITH THE OTHER PARTS OF THE BUSINESS GLOSS OVER OR AT LEAST SOFTEN THE SHARP EDGES HERE? >> YES, I GOT KICKED IN THE TEETH JUST LIKE EVERYBODY ELSE THIS MORNING BUT INSTEAD OF BAILING WHEN THE REST OF WALL STREET RAN AWAY FROM THIS, I DECIDED I WOULD DIG IN BECAUSE THIS IS NOT A TRAIT, IT'S AN INVESTMENT. GOD WILLING, I WILL BE ALIVE THAT YEAR, BUT I BELIEVE THIS IS A STOCK I WANT IN MY PORTFOLIO PROBABLY IN A LARGE WAY. MY TOP FIVE HOLDINGS COMING IN, SO I GOT HURT IN PUBLIC NUMBER SEVEN OR EIGHT RIGHT NOW, I DO BELIEVE WHEN THE CYCLE COMES TOP FIVE. >> I CAN'T BELIEVE THE DOW IS UP 25 POINTS. THE DOW IS IN THE GREEN, FOLKS. EARLIER IT WAS DOWN FOR 52 POINTS. A LOT OF THAT IS GOLDMAN SACHS AND J.P. MORGAN ALSO ADDING A RECORD THAT'S HELPING THE PICTURE. LET'S TALK ABOUT THE COMEBACK IN SHIPS STOCKS BECAUSE YOU LIKE THE MEMORY CHIPS STILL, ALTHOUGH, YOU WANT TO BE TOO EXPOSED SO YOU ARE PULLING BACK IN A COUPLE OF NAMES AND EXITING ONE OF THEM. >> I HAVEN'T TOUCHED MY CAN'T GET, A PRETTY STRONG BELIEVER, EXITING SEAGATE TECHNOLOGY AND WESTERN DIGITAL IS A DAYTRADING VEHICLE. I'M JUST LOOKING AT TO MAKE A LITTLE MONEY WHILE LOSING MONEY AND OTHER STOCKS SO I'M NOT AS IN MEMORY TRADE AS I WAS TWO WEEKS AGO ALTHOUGH I WANTED TO BE BUT THE STOCKS THAT THEIR TAILS HANDED TO THEM SO I HAD TO ADAPT. STAYING IN THE SEVENTH SPACE, I'M A BELIEVER AS I SAID MANY TIMES AMD. SHE'S ALWAYS DONE RIGHT BY ME AS A TRAITOR AND INVESTOR AND I BELIEVE THAT IS THE NAME GOING INTO SECOND QUARTER EARNINGS AND BEYOND WILL BE A SIGNIFICANT PLAYER MAYBE CATCHING UP WITH NVIDIA A LITTLE BIT. QUITE A FEW HIGH PROFILES, FIVE STAR ANALYSTS RAISING IT OVER THE PAST WEEK OR TWO. >> AMD UP 3%. OF 156%. I DO THINK THIS IS REALLY IMPORTANT TO SAY BECAUSE IBM SAID THE SHIP WAS SOFTWARE AS A SERVICE INTO THE AI COMPUTE AREA WHERE COMPANIES, THEIR CUSTOMERS WERE SPENDING A LOT MORE TO AT LEAST GET THE HANDS ON REAL ESTATE WHEN IT CAME TO THAT COMPUTER AND AI SERVERS AND THIS IS INTERESTING, YOU LOOK AT NVIDIA YOU MENTIONED, NVIDIA STORY IMPORTANT TODAY BECAUSE THE DEPARTMENT OFFICIAL SPOKE BEFORE CONGRESS AND SAID NOW THE H200 CHIPS HAVE BEEN MOVING TO CHINA, THEY BEEN ALLOWED THE SALES, SO THEY ARE MOVING TO CHINA ALTHOUGH THIS DEPARTMENT OFFICIAL SAID IT WASN'T A LOT SO FAR BUT YOU LOOK AT THE DEPARTMENT ALSO SAID MORE AI CHIP REGULATIONS ARE COMING. KEVIN WARSH TODAY, I WAS LISTENING CLOSELY, SPOKE SPECIFICALLY ABOUT AI AND THE DANGERS AND RELATES TO THIS REGULATION. >> THIS IS A BENEFIT BROADLY TO OUR ECONOMY, BUT I DON'T WANT TO SOUND OVERLY COMPLACENT ABOUT IT. THESE TECHNOLOGIES ALSO OFFER THREATS WHEN THEY FIND THEIR WAY INTO ADVERSARIES HANDS, THE INFRASTRUCTURE AT THE FEDERAL RESERVE, THE INFRASTRUCTURE AT BANKS, LARGE AND SMALL. THEY MUST FEEL NEW PRESSURE AS PEOPLE LOOK TO USE THESE TECHNOLOGIES TO DO HARM SO THESE TECHNOLOLOGIES CAN BE USED FOR GOOD AND FOR HARM. LONG-TERM, I THINK THE U.S. IS THE WINNER, OVER THE LONG-TERM, BUT LONG-TERM CAN BE FAR OUT AND WE HAVE TO MONITOR MONTH BY MONTH AND QUARTER BY QUARTER AS WE GET THAT. >> HOW WOULD REGULATION CHIPS AFFECT THE PRICES OF THESE COMPANIES? >> IT'S OBVIOUSLY NOT A POSITIVE. YOU HAVE TO BE BALANCED, YOU CAN'T BE MORE THAN 5% ON ANY NAME AND KEVIN WARSH, I LIKE HIM, THE SMARTEST GUY IN THE FED IN A LONG TIME. HE UNDERSTANDS THE SUPPLY-SIDE IS THE WAY TO GET OUT OF