MIT Report On Gen AI Struggles Spooks Investors. Analyst Sees Opening For IBM And These Stocks.

An MIT report on how many generative AI pilots are falling flat is garnering "sizable investor interest," and that could be good news for companies like IBM and Accenture, Evercore ISI analysts told clients Wednesday. Just 5% of AI pilot programs from enterprises contributed "rapid revenue acceleration," while the majority stalled and offered little financial impact, according to a survey conducted by the Massachusetts Institute of Technology. The findings were first reported Monday by Fortune and have contributed to a down week overall for AI stocks like Nvidia, Palantir Technologies, Microsoft and Oracle.