IBM shares plunge as it forecasts second-quarter revenue below estimates
Outlook reflects industry shift to spending on AI infrastructure
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 tumbles more than 20% as RSI signals oversold and multiple moving averages are broken Seeking Alpha —