IBM lost roughly $68 billion in market value on Tuesday, its worst one-day stock crash since 1968, after the company reported preliminary second-quarter revenue of $17.2 billion, missing analyst expec…
IBM's mainframe business faltered as customers redirected budgets toward AI infrastructure, leading to a 7% drop in infrastructure revenue and a 25% plunge in IBM's share price. CEO Arvind Krishna ack…
IBM plunged 25% on Tuesday, its worst day since at least 1968, after reporting preliminary second-quarter revenue of $17.2 billion, roughly $660 million short of the $17.9 billion consensus, and adjus…
IBM shares collapsed 25.2% on Tuesday, wiping out more than $65 billion in market value in the technology giant's worst trading day since 1987, after customers redirected spending from software and ma…
IBM shares plunged more than 25% on Tuesday after the company reported preliminary second-quarter revenue of $17.2bn, up just 1% year-over-year and below analyst estimates of $17.86bn, as corporate cu…
IBM's stock plunged 25% on July 14 after the company issued a preliminary Q2 2026 profit warning, reporting revenue of $17.2 billion (up 1% year-over-year) and adjusted earnings per share of $2.93, mi…
IBM shares crashed 25.2% on Tuesday, the worst single-day loss in the company's 115-year history, erasing about $67 billion in market value after CEO Arvind Krishna warned investors the second quarter…
IBM CEO Arvind Krishna warned of a revenue miss due to clients reprioritizing capital expenditure toward AI hardware, raising questions about the future of traditional software models. The warning has…
IBM shares crashed 25% on July 14 after CEO Arvind Krishna warned the company failed to adapt to a rapid shift in customer spending from software to AI hardware, forecasting second-quarter revenue of …
IBM shares plunged 25% on Tuesday, erasing nearly $70 billion in market value, after CEO Arvind Krishna admitted the company had "faltered" on artificial intelligence and warned that clients shifted s…
IBM is on pace for its worst stock day ever after CEO Arvind Krishna warned of a quarterly performance shortfall due to customers redirecting spending toward AI infrastructure, reviving fears of a 'Sa…
IBM shares fell roughly 25% on Tuesday, erasing nearly $68 billion in market value in what MarketWatch said was on pace to be the company's worst single-day drop ever, worse than its Black Monday fall…
IBM shares plunged as much as 17% in premarket trading after the company reported preliminary Q2 revenue of roughly $17 billion, well below the $18 billion analyst consensus, despite cumulative AI boo…
IBM shares plunged after the company warned that Q2 fiscal 2026 revenue and earnings would miss expectations, blaming a sudden customer shift toward AI hardware instead of software services. CEO Arvin…
IBM shares plunged 25% on Tuesday after the company warned that corporate spending is shifting from software to data-center infrastructure for AI, forecasting second-quarter revenue of $17.2 billion a…
IBM shares plunged 23% on Tuesday after the company warned second-quarter revenue and earnings would miss Wall Street expectations, citing customers shifting spending to secure supply-constrained infr…
IBM shares plunged more than 23% after the company warned that its Q2 2026 revenue will fall short of expectations due to customers redirecting spending toward AI data center hardware. CEO Arvind Kris…
IBM stock plunged more than 25% on Tuesday after the company preannounced Q2 earnings that missed Wall Street estimates, with adjusted EPS of $2.93 on revenue of $17.2 billion versus analyst expectati…
IBM shares plunged more than 20% on Tuesday, wiping over $50bn from its market value in the biggest one-day selloff since the 1987 crash, after the tech giant warned customers were diverting spending …
IBM CEO Arvind Krishna said customers diverted budgets meant for mainframe purchases to AI servers and storage ahead of expected price increases, causing a 'disappointing' second quarter for IBM's mai…