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IBM warns AI boom is squeezing software budgets, triggers sector rout - The Economic Times
Software investors have long been on edge over fears that AI tools capable of automating routine work could pose an existential threat to the industry. Tuesday's announcement showed that even the boom in spending on servers, chips and networking gear for AI was eating into software budgets.
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channelnewsasia.com
IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
July 14 : IBM's preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers,…
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IBM warns AI boom is squeezing software budgets, triggers sector rout
July 14 : IBM sparked a market rout on Tuesday after forecasting second-quarter revenue below estimates and signaling that businesses were favoring spending on data-center…
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IBM warns AI boom is squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below…
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dailysabah.com
IBM warns AI boom hurting software firms, triggering big rout
IBM shares plunged over 20% on Tuesday and the company led a massive market rout after forecasting second-quarter revenue below estimates and signaling...
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www1.folha.uol.com.br
IBM vê ações despencarem 25% e pode amargar maior queda em 54 anos
Empresa de software enfrentou forte desvalorização após anunciar resultados do segundo trimestre
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economictimes.indiatimes.com
IBM warns AI boom is squeezing software budgets, triggers sector rout - The Economic Times
Software investors have long been on edge over fears that AI tools capable of automating routine work could pose an existential threat to the industry. Tuesday's announcement…
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hindustantimes.com
IBM stock crashes 22% as AI spending shift hits software industry
IBM warns AI infrastructure spending is hurting software budgets as revenue misses estimates, sending IBM shares and software stocks sharply lower.
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theregister.com
IBM's mainframe sales get mugged by AI hardware panic, stock loses more than a quarter of its value
CEO Krishna: Customers blew their Z budgets on servers and storage before prices spike, Q2 financials 'disappointing'
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IBM's mainframe sales get mugged by AI hardware panic, stock sheds more than a quarter of its value
CEO Krishna: Customers blew their Z budgets on servers and storage before prices spike, Q2 financials 'disappointing'
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cityam.com
'Ugly moment' for software stocks as IBM suffers biggest one-day slump in decades
IBM shares plunged more than 23 per cent on Tuesday after the tech giant warned that customers were diverting spending
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zerohedge.com
Big Blew It! IBM Crashes Most Since '60s Amid CapEx Woes; Goldman Warns Over 'Software Bear Case'
"This redirection of budgets towards AI has been a topic that Karl Keirstead/team have been articulating as a potential risk for some time..."
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financialpost.com
Software stocks sink as IBM miss delivers ‘devastating blow’
Software and IT service stocks are under pressure as investors fret the proliferation of AI will reduce demand for their services. Read more
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thehindubusinessline.com
IBM disappointment sparks crash in Infosys, Wipro ADRs as AI fears rattle tech sector
The sector-wide rout was ignited by IBM releasing its preliminary second-quarter results ahead of schedule
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Why IBM shares crashed 26%: CEO Arvind Krishna highlights customer spending shifts towards AI
IBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients…
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businessinsider.com
What smart people are saying about IBM's AI warning and SaaSpocalypse fears
IBM CEO Arvind Krishna wrote a letter to shareholders about a revenue miss. It's renewing months-old fears about a SaaSpocalypse.
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IBM gets sucked into the AI-powered memory chip vortex
IBM's warning shows how AI infrastructure and cybersecurity spending are reshaping technology budgets.
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axios.com
This "will rattle many": IBM stock tanks as AI budgets shift
IBM startled investors Tuesday with an acknowledgment that shifting priorities in the AI economy are bludgeoning its core business.
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nzherald.co.nz
IBM shares plunge 25% as AI spending boom disrupts business
CEO Arvind Krishna admitted the tech giant ‘did not adapt quickly enough’.
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morningstar.com
What IBM's profit warning means: Hardware is 'eating everyone's lunch'
By Britney Nguyen and Hannah Pedone
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straitstimes.com
IBM shares plunge 25% as customers shift spending to AI
AI shopping spree pulled spending away from IBM’s infrastructure and software business. Read more at straitstimes.com. Read more at straitstimes.com.