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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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channelnewsasia.com
IBM warns AI boom 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 would take a big earnings hit in the second…
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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…
