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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.
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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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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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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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channelnewsasia.com
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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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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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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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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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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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 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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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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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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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