62
Markets2h 36m ago

IBM shares plunged more than 23 percent after the tech giant warned that customers were diverting spending.

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New York

Who
IBM
What
IBM shares plunged more than 23 percent after the tech giant warned that customers were diverting spending.
When
Tue, 14 Jul 2026 14:27:39 GMT · 2h 36m ago
Where
New York ·
Why
Customers were diverting spending away from IBM's products and services.
The Frontline Impact

How this affects you

The event represents a significant one-day slump for IBM, impacting its stock value and potentially signaling a broader trend in customer spending within the tech sector.

Story chain

2 events in this thread
  1. Markets1h 31m ago
    IBM shares plunged 25% after the company stated it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates.
    Open article
  2. Currently Reading2h 36m ago
    IBM shares plunged more than 23 percent after the tech giant warned that customers were diverting spending.

Verified Sources & Citations