Dossier
Steve Hanke
Coverage of Steve Hanke in the Nexus archive.
- Why IBM just suffered its worst stock crash of all time—and what it says about the market’s two bubbles
IBM experienced its worst single-day stock crash, losing 25% and $40 billion in market value after missing revenue expectations by 3.7%. Analyst Steve Hanke highlighted a 'dual bubble' in AI markets, contrasting IBM's collapse with record earnings from banks like JPMorgan and Goldman Sachs.