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…
IBM CEO Arvind Krishna told investors the company 'faltered' in the second quarter, reporting revenue of $17.2 billion, up just 1% and below analyst forecasts, with infrastructure revenue down 7%. Kri…
Thomson Reuters told staff on July 13 it will cut up to 500 engineering roles while hiring more than 250 AI-native engineers globally, a swap of roughly two traditional engineers out for every AI spec…
IBM shares plunged nearly 23% in premarket trading Tuesday after the company reported worse-than-expected second-quarter results and said clients are cutting spending on its AI infrastructure and soft…
Quantum computing stocks surged Tuesday after President Trump signed two executive orders aimed at maintaining U.S. dominance in the technology, with Quantinuum shares up over 13% and IBM gaining 5%. …