IBM’s stock plunged $67 billion after a surprise earnings warning revealed a sharp shift in enterprise tech spending. Investors now await IBM’s July 22 report.

“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.

Shares of IBM are sliding before the market open on Tuesday as the company provided preliminary second-quarter results that are below Wall Street’s expectations.

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…

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…

CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.

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

IBM stock tumbled after the company published its earnings ahead of schedule and acknowledged a "disappointing" quarter.

IBM shares plunged over 20% on Tuesday and the company led a massive market rout after forecasting second-quarter revenue below estimates and signaling...

Empresa de software enfrentou forte desvalorização após anunciar resultados do segundo trimestre

IBM verfehlt die Erwartungen deutlich, die Aktie bricht um über 20 Prozent ein. Anleger zweifeln zunehmend am KI-Kurs des Konzerns.

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.

IBM warns AI infrastructure spending is hurting software budgets as revenue misses estimates, sending IBM shares and software stocks sharply lower.

IBM stock hits a rough patch: Q2 revenue misses estimates amid shifting enterprise spending. Here’s the impact on the tech market.

IBM shares plunged more than 23 per cent on Tuesday after the tech giant warned that customers were diverting spending

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…

IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.

IBM shares dropped 25% at market open after reporting earnings below expectations. Here's what the tech giant's stumble means for crypto investors.

IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft

By Hannah Pedone and Tomi Kilgore

Unerwartet verlautbart der IBM-Chef Finanzzahlen. Sie sind schlechter als erwartet. Die Aktie stürzt schlimm wie noch nie.