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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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forbes.com
What IBM's Revenue Miss Tells CIOs About AI Spending
IBM's Q2 miss wasn't weak AI demand. It was budget rotation to hardware. Here's what the shift from software to infrastructure spend means for CIOs
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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; 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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cnbc.com
IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
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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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investors.com
IBM Stock Dives After Releasing 'Disappointing' Preliminary Earnings
IBM stock tumbled after the company published its earnings ahead of schedule and acknowledged a "disappointing" quarter.
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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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Software Stocks, IT Services Firms Pummeled Amid IBM's Q2 Earnings Miss
Software stocks were hammered after IBM pre-announced weaker-than-expected Q2 financial results. Shares in IT services firms also fell.
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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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benzinga.com
IBM Crashes 24%, Drags Tech and IT Services Stocks Into Selloff - IBM (NYSE:IBM)
IBM stock hits a rough patch: Q2 revenue misses estimates amid shifting enterprise spending. Here’s the impact on the tech market.
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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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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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thenextweb.com
IBM shares plunge after preliminary Q2 revenue falls short of estimates despite surging AI bookings
IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.
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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