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IBM is on pace for its worst day ever | CNN Business
IBM struggled over the past three months as customers scrambled to get their hands on components that AI datacenters are gobbling up, its CEO said.
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forbes.com
Here’s Why IBM Is Crashing Toward Its Worst Day Ever
“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.
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Here’s Why IBM Had Its Worst Day Ever
“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.
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channelnewsasia.com
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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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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zerohedge.com
SaaSpocalypse Is Back: IBM Crashes Most Since 1987 As Customers Abruptly "Shift CapEx Spending"
"In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases... shortfall in software stack"
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cryptobriefing.com
IBM stock falls 20%, erasing $55B in market cap after earnings miss
IBM stock dropped nearly 20%, erasing $55 billion in market cap after an earnings miss driven by software and infrastructure weakness. What it means for
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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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edition.cnn.com
IBM is on pace for its worst day ever | CNN Business
IBM struggled over the past three months as customers scrambled to get their hands on components that AI datacenters are gobbling up, its CEO said.
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morningstar.com
IBM Down Over 25%, on Pace for Record Percent Decrease — Data Talk
International Business Machines Corporation (IBM) is currently at $217.53, down $72.70 or 25.05%
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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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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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timesofindia.indiatimes.com
Why is IBM stock crashing today? Shares plunge over 25% - here’s what’s driving the fall
IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on…
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IBM shares fall 25% at open after earnings miss expectations
IBM shares dropped 25% at market open after reporting earnings below expectations. Here's what the tech giant's stumble means for crypto investors.
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clarin.com
El peor día de su historia para un gigante tecnológico: se derrumban 25% sus acciones
"No nos adaptamos ni nos movimos lo suficientemente rápido", dijo el número uno de IBM.
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theguardian.com
IBM loses quarter of its value as tech giant’s shares plunge and profits falter
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft
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latercera.com
¿Qué pasó con IBM? Acciones sufren la mayor caída de su historia - La Tercera
La inquietud radica en las preocupaciones de que las inversiones de algunos clientes se están desviando hacia negocios como las memorias, lo que podría retrasar proyectos y…
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economictimes.indiatimes.com
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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benzinga.com
IBM Heads for Worst Day Ever — But Why Are Cybersecurity Stocks Up? - CrowdStrike Holdings (NASDAQ:CRWD),
IBM heads for its worst day ever, but cybersecurity stocks are rallying off the same catalyst.
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IBM's stock is having its worst day ever after the surprise release of an earnings miss
By Hannah Pedone and Tomi Kilgore