Worse fall than 1987, $69 billion wipeout as IBM ‘falters’: Why stock price crashed 25% - analysts call it ‘ugly moment’
Shares of IBM plunged 25% on Tuesday, with the company seeing a steeper one-day decline than it experienced during the 1987 "Black Monday" market crash.
The weakness also spread to other software stocks.
IBM Suffers Historic 25% Stock Crash on AI Miss
- What smart people are saying about what IBM's AI warning says about SaaSpocalypse fears Business Insider —
- IBM shares plummet 25% on weak preliminary earnings SiliconANGLE —
- IBM shares plunge 25% as customers shift spending to AI The Straits Times —
- IBM Stocks Slide Most In 58 Years Over CEO Arvind Krishna's "We Faltered On AI" Remark NDTV —
- Inside CEO Arvind Krishna’s letter that preceded IBM’s worst one-day stock fall since 1987 The Indian Express —