International Business Machines Corporation (IBM)
What's Next for IBM Stock After 25% Collapse
Shares in the IT company aren't mounting much of a comeback, as investors reel from Tuesday's brutal selloff.
3 stocks riding the wave from IBM's earnings disaster
IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure. The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed Wall Street forecasts.
Jim Cramer says IBM's 25% plunge isn't enough to make the stock a buy
CNBC's Jim Cramer said IBM's sharp sell-off isn't enough to make the stock a buy, as corporate IT spending is shifting away from software toward cybersecurity, hardware and AI tokens. Cramer said IBM still has attractive long-term businesses, but the company remains on the wrong side of the technology spending priorities.
IBM (IBM) Stock Sinks As Market Gains: What You Should Know
IBM (IBM) closed at $217.07 in the latest trading session, marking a -25.21% move from the prior day.
‘We faltered': IBM stock collapses after a grave warning about AI
IBM is in free fall.
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.
