IBM's 25% single-day crash, its worst since 1968, signals a broad reckoning for legacy tech firms as corporate budgets shift toward AI infrastructure.

IBM stock crashes 25% after warning Q2 revenue will miss estimates by $660M. The sell-off highlights a growing AI divide in tech with ripple effects across

IBM shares fell 25% after Q2 2026 revenue of $17.2B missed estimates by ~$700M as enterprise clients shift spending toward AI infrastructure over legacy

IBM's 25% single-day crash, its worst since 1968, signals a broad reckoning for legacy tech firms as corporate budgets shift toward AI infrastructure.