IBM Shares Sink 18% on Earnings Warning
International Business Machines warned of weakness in the latest quarter as a number of large deals failed to close on the timelines anticipated and supply chains shifted.
IBM Shares Plunge 25% on Revenue Warning
- IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations CNBC —
- IBM warns AI boom is squeezing software budgets RTE —
- IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’ NY Post —
- IBM’s warning sows anxiety for investors Semafor —
- IBM shares plunge as it forecasts second-quarter revenue below estimates The Globe and Mail —