CNBC host Jim Cramer said he is selling his Bitcoin over fears that quantum computers could crack its cryptography, following an interview with IBM CEO Arvind Krishna who advised becoming "rather para…
Alphabet Inc. reported Q2 2026 revenue of $119.8 billion, up 24% year-over-year, with Google Cloud surging 82% to approximately $24.8 billion, while IBM reported revenue of roughly $17.2 billion, up j…
Earnings from SAP, ServiceNow, and IBM challenge the SaaSpocalypse narrative, showing continued growth in cloud and software businesses despite AI reshaping enterprise spending. SAP CFO Dominik Asam s…
IBM CEO Arvind Krishna told investors that artificial intelligence will not disrupt the company's software unit, highlighting growing mainframe hardware capacity and predicting software should 'catch …
IBM CEO Arvind Krishna admitted the company fell short on execution in the second quarter of fiscal 2026, citing a sudden shift in customer spending from IBM's software portfolio to AI-focused hardwar…
Shares of Alphabet and Tesla plunged Thursday after both tech giants announced massive increases in artificial intelligence spending, with Tesla falling 10% and Alphabet sinking over 5%. Alphabet rais…
IBM's mainframe revenue plunged 42% in Q2 2026, dragging infrastructure revenue down 7% to $3.8 billion, but CEO Arvind Krishna and CFO James Kavanaugh reaffirmed the mainframe's role as an AI platfor…
IBM reported Q2 2026 revenue of $17.2 billion and adjusted EPS of $2.93, missing Wall Street estimates of $17.86 billion and $3.01-$3.02, respectively, and slashed its full-year revenue growth forecas…
IBM cut its full-year 2026 revenue growth forecast to 4%-5% after second-quarter revenue of $17.16 billion missed the $17.58 billion consensus and Z mainframe sales plunged 42%, which CEO Arvind Krish…
IBM's mainframe revenue plunged 42% in Q2, but CEO Arvind Krishna insists the platform isn't dying, arguing that clients shifted capital spending toward AI infrastructure, servers, and memory, delayin…
IBM reported Q2 revenue of $17.2 billion and net earnings of $2.2 billion, but fell short of Wall Street expectations, with mainframe revenue down 42%. CEO Arvind Krishna attributed the decline to cus…
IBM shares fell 25% on July 14 after the company warned second-quarter revenue would be $17.2 billion, below the $17.86 billion estimate, as customers shifted spending toward AI-related infrastructure…
A punishing technology selloff erased billions in market value in the week ending July 17, with the technology sector tumbling 5.9% and the iShares Semiconductor ETF sinking 19% month to date, as inve…
IBM CEO Arvind Krishna faces mounting pressure as the company's AI strategy fails to deliver expected growth, with investors questioning the return on massive investments in artificial intelligence.…
IBM issued a preliminary earnings warning for its second quarter of 2026, reporting revenue of $17.2 billion that missed analyst expectations by roughly $660 million to $700 million, causing its stock…
IBM warned on July 14 that its second-quarter revenue would land at roughly $17.2 billion, a full $660 million below Wall Street expectations, sending its stock down approximately 25% in its worst sin…
IBM's preliminary Q2 2026 results, released July 14, showed revenue of $17.2 billion (up just 1% year-over-year) and adjusted earnings per share of $2.93, missing the consensus estimate of $3.01, trig…
IBM shares crashed 25% on Tuesday, the worst single-day decline in the company's 115-year history, after CEO Arvind Krishna admitted in a letter to investors that the company 'did not adapt and move q…
IBM suffered its worst single-day stock crash in 115 years on July 14, with shares plunging approximately 25% and erasing roughly $67 billion in market capitalization after the company warned second-q…
IBM suffered the worst single-day stock crash in its 115-year history on July 14, 2026, plunging 25% and erasing roughly $40 billion in market value after reporting preliminary second-quarter revenue …