IBM startled investors Tuesday with an acknowledgment that shifting priorities in the AI economy are bludgeoning its core business.
Add Axios as your preferred source to
see more of our stories on Google.
IBM CEO Arvind Krishna attends a Rose Garden Club event at the White House on July 6. Photo: Mandel NGAN / AFP via Getty Images
IBM startled investors Tuesday with an acknowledgment that shifting priorities in the AI economy are bludgeoning its core business.
Why it matters: The software industry is suffering as companies shift their tech spending from conventional software to AI tokens and data centers.
What smart people are saying about IBM's AI warning and SaaSpocalypse fears
IBM warns AI boom is squeezing software budgets, triggers sector rout
IBM shares plunge 25% after CEO admits company fell behind | Fortune
IBM issues profit warning as enterprise customers rush to buy AI hardware
Big Blew It! IBM Crashes Most Since '60s Amid CapEx Woes; Goldman Warns Over 'Software Bear Case'
IBM's stock just had its worst day since 1968
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
IBM shares plunge 25% as AI spending boom disrupts business
IBM warns AI boom hurting software firms, triggering big rout
IBM shares plunge 25% as customers shift spending to AI
IBM CEO Arvind Krishna wrote a letter to shareholders about a revenue miss. It's renewing months-old fears about a SaaSpocalypse.
July 14 : IBM sparked a market rout on Tuesday after forecasting second-quarter revenue below estimates and signaling that…
IBM’s AI bet is creating a painful paradox: the technology transforming the industry is also pressuring the company’s core…
IBM stock dropped 25% after Q2 results missed estimates. Enterprise customers are shifting budgets from software to AI hardware,…
"This redirection of budgets towards AI has been a topic that Karl Keirstead/team have been articulating as a potential risk for…
In a recent letter to investors, IBM CEO Arvind Krishna explained that the company experienced some unexpected shortfalls in its…
