At a recent event, executives from HashiCorp, a subsidiary of tech giant IBM (IBM), explained that although artificial intelligence is now the primary focus, many businesses are repeating old mistakes from the early cloud era. Indeed, CTO and Co-Founder Armon Dadgar pointed out that companies want AI to transform their work but are still using outdated processes. He explained that simply adding AI to slow, manual systems, like mass email chains, won’t fix anything. This is because without automation and visibility, AI becomes just a cool demo, not something useful in real-world operations.
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To address this, HashiCorp introduced Project Infragraph, which is a new tool designed to help businesses create a real-time infrastructure graph that ties together infrastructure, applications, services, ownership, and policies. Dadgar compared this moment in AI to the early days of cloud, where many companies simply moved old systems into the cloud without rethinking how they worked. With Infragraph, HashiCorp wants to offer a unified and intelligent foundation that enables automation, better governance, and the ability to scale AI in a secure way.
Separately, Bruno Aziza, IBM’s VP of Software Product Marketing, said that Project Infragraph could help companies move beyond testing and actually use AI in production. He explained that most businesses operate across multiple clouds but lack a system that shows how everything fits together. This new infrastructure graph could bring clarity and eventually even predict issues before they happen.
Is IBM a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on six Buys, six Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $293.58 per share implies 4.9% upside potential.

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