IBM saw its shares crater 25% at the market open after the company reported earnings that fell short of analyst expectations.
For crypto investors, the question is straightforward: when a $100B-plus tech company gets punished this severely, does the blast radius extend to digital assets? The answer, as usual, is complicated.
What happened with IBM
IBM reported quarterly earnings that came in lower than what Wall Street had been expecting. The market’s response was immediate and brutal, with shares dropping 25% right at the opening bell.
The misinformation angle matters too
