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Markets1h 30m 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.

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Who
IBM
What
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.
When
Tue, 14 Jul 2026 15:32:17 GMT · 1h 30m ago
Where
New York ·
Why
A shift in corporate spending from software to data-center infrastructure, driven by the AI boom, has negatively impacted IBM's business.
The Frontline Impact

How this affects you

IBM's stock experienced a significant decline, signaling the growing influence of AI on the technology sector's spending patterns and potentially affecting investor confidence in companies unable to adapt.

Story chain

2 events in this thread
  1. Currently Reading1h 30m 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.
  2. Markets2h 35m ago
    IBM shares plunged more than 23 percent after the tech giant warned that customers were diverting spending.
    Open article

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