Worse fall than 1987, $69 billion wipeout as IBM ‘falters’: Why stock price crashed 25% - analysts call it ‘ugly moment’

A $69 billion wipeout and worst fall in nearly 40 years - IBM’s share price on Tuesday crashed 26% in trade in a sign of how the technology sector is rebalancing with the growth of artificial intelligence. Shares of IBM plunged 25% on Tuesday, with the company seeing a steeper one-day decline than it experienced during the 1987 "Black Monday" market crash.

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