IBM (NYSE: IBM | IBM Price Prediction), once the beacon of America's tech world, stumbled again after earnings showed it barely compares with industry giants on AI revenue.
IBM topped Q1 2026 estimates as hybrid cloud and AI demand lifted revenue to $15.92B and expanded gross margin to 56.2%.
IBM Corp (NYSE:IBM) stock is 9.7% lower to trade at $227.34 this morning.
Stocks futures are lower this morning after major indexes hit fresh record highs yesterday, as investors monitor developments in the Middle East and digest a flurry of earnings reports; oil prices are rising as traffic in the Strait of Hormuz remains at a standstill; Tesla shares are losing ground despite a better-than-expected earnings report as the EV maker outlined big new spending plans; ServiceNow shares are tumbling after its results failed to top expectations; and IBM shares are also under pressure after earnings. Here's what you need to know today.
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