International Business Machines Corporation (IBM)
IBM Shares Crashed 25% In Worst Day Ever—Here's Why
“When we discussed our expectations with you in April, we noted that we would be wrapping on the launch of z17 in the second quarter. Given this was the strongest start to a mainframe program in our history, we expected Infrastructure revenue to decline low-single digits for the year, beginning this quarter.
IBM workers pay a $400 million price for investing in company stock
Don't put all your eggs in one basket
Cybersecurity stocks rally on AI spending change comments from IBM's Krishna
Cybersecurity stocks jumped on Tuesday after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers in the company's preliminary second-quarter results. Krishna told CNBC's Sara Eisen on Tuesday that some major deals were put on hold toward the end of the quarter as businesses rethink spending.
IBM shares plunge as AI spending boom disrupts business
Shares in IBM plunged 24% on Tuesday after the U.S. tech giant released disappointing preliminary second-quarter results, blaming a shift in customer spending due to expected higher prices for memory chips and other AI-related infrastructure.
IBM's Disappointing Earnings Are Shaking Up Wall Street. What Should Software Investors Do Now?
IBM says the AI-driven memory shortage is dinging its sales. That's bad for the stock—and it's pulling software shares downward.
IBM gets sucked into the AI-powered memory chip vortex
IBM warned investors of a shift in tech budgets as AI spending impacts other tech sectors. Security spending is increasing as companies react to AI-driven cybersecurity threats.
What smart people are saying about what IBM's AI warning says about SaaSpocalypse fears
IBM's CEO released a letter to shareholders on Tuesday to warn about a "performance shortfall." The revenue miss renewed fears about a SaaSpocalypse.
IBM Stock Plunges 25% After Weak Q2 Results; CEO Admits Tech Giant ‘Faltered'
IBM stock is getting hammered and dragging other software stocks down with it after the tech giant warned clients are pulling back spending.
IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks'
The company has been trying to reduce its reliance on the cyclical mainframe business by focusing on its software unit including its high-margin Red Hat business, which helps firms run applications across different cloud providers.
IBM's Worst Trading Day Since 1987: Preliminary Earnings Show Software Weakness
Preliminary earnings for IBM Corp. (IBM) sent the stock plunging more than 20% after the company signaled worse-than-expected weakness. Marley Kayden talks about the key drivers behind the double miss and shrinking margins.
IBM Shares Crash 24% Toward Worst Day Ever—Here's Why
“When we discussed our expectations with you in April, we noted that we would be wrapping on the launch of z17 in the second quarter. Given this was the strongest start to a mainframe program in our history, we expected Infrastructure revenue to decline low-single digits for the year, beginning this quarter.
Wall Street analyst sets IBM stock price target for 12 months
As International Business Machines Corp. (NYSE: IBM) stock market lost over $55 billion on Tuesday, it has received the first sell rating in three months from a top Wall Street analyst.
