BUSINESSFINANCIAL TIMES WORLD
IBM shares set to plunge 23% as customers shift spending to AI
IBM shares are expected to fall 23% as customers redirect spending toward AI-related technologies like chips, servers, and memory. CEO Arvind Krishna noted that large deals declined due to this shift in client investment.
Related Signal
Adjacent reporting
- IBM stock plunges 23% as it says clients are spending less on its AI products
- IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations
- IBM’s stock dives toward worst day in nearly 40 years after the surprise release of an earnings miss
- Indian Tech’s Nifty Share Shrinks to Record Low on AI Worries
- PE Firm Hg Marks Down Fund Value by 9% After Software’s Plunge