Why is IBM stock crashing today? Shares plunge over 25% - here’s what’s driving the fall
IBM share price crash: The softer outlook comes as businesses increasingly direct their technology spending towards artificial intelligence infrastructure, including servers, storage and memory, resulting in lower expenditure on conventional software offerings.
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 —