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 announced preliminary results that spooked the software market, highlighting ongoing challenges with its mainframe franchise and broader AI strategy. The company faces multiple AI-related problems…
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's heavy investment in AI is cannibalizing its traditional software revenue, leading to a financial crash as the company struggles to replace legacy income streams with AI-driven products.…
IBM warned that the artificial intelligence boom is compressing traditional software budgets, sending its shares down more than 7% in after-hours trading. Chief Financial Officer James Kavanaugh told …
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…
ASML reported second-quarter sales of €9.33 billion, beating the €8.8 billion consensus, with net income of €2.92 billion, and raised its full-year guidance to €43-45 billion from €36-40 billion, deli…
About half of all companies that laid off workers and replaced them with AI are now rehiring at greater expense, according to CNBC. Klarna, which replaced 700 customer service agents with an AI chatbo…
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's earnings miss reveals that the company failed to adapt quickly enough to enterprise AI spending trends, according to CEO Arvind Krishna. The tech giant reported quarterly revenue of $14.4 billio…
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 warned investors that corporate tech budgets are being reallocated toward AI infrastructure and cybersecurity, squeezing legacy hardware like IBM's mainframes and causing a 25% drop in IBM shares.…
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 warned investors that customers are shifting technology budgets toward AI infrastructure and cybersecurity, hurting sales of its new Z mainframes and related software. The company said clients spe…
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…
SnapLogic launched SnapCode and a Model Context Protocol (MCP) server that gives AI coding tools direct access to its integration platform-as-a-service (iPaaS) environment, enabling developers to invo…