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IBM Just Crashed. If Wall Street Pros Are Right The Stock Could Soar From Here
Goldman Sachs jumped 7.4% and added 459 Dow points as IBM posted its worst market day since 1987, analysts said.
- IBM shares plummeted 25.2% to around $217 on Tuesday, marking the company's worst single-day performance since the 1987 Black Monday crash and erasing about $67 billion in market capitalization.
- CEO Arvind Krishna warned investors the quarter was "worse than our expectations," citing IBM's failure to adapt as customers shifted spending from software toward AI hardware and servers.
- Krishna noted that Anthropic's Mythos model stalled "numerous large deals" as clients weighed cybersecurity implications, while demand for AI data centers made servers and memory harder to obtain.
- Financial giant Goldman Sachs shielded the Dow from IBM's impact, surging 7.4% and single-handedly adding 459 points after reporting a strong quarter, while Micron Technology also gained 5.1%.
- Wall Street anticipates IBM to report $17.2 billion in quarterly revenue on July 22, with investors focused on whether the firm can regain momentum amid ongoing AI-driven market rotation into hardware.
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IBM Just Crashed. If Wall Street Pros Are Right The Stock Could Soar From Here
IBM just suffered its worst single-day collapse since 1968, wiping out two years of gains in one brutal session. Wall Street analysts refuse to budge on their targets, creating one of the widest price dislocations in large-cap tech and a high-stakes question about who gets this wrong.
·Lakewood, United States
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===International Business Machines===IBM's shares fell by 25 per cent after the largest decline since January 1968, at least, according to Bloomberg.
·Riga, Latvia
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IBM Stock Crash: IBM's Indian-origin CEO Arvind Krishna said something in a letter to investors that caused IBM Share to crash by more than 25 percent in a single day on Tuesday.
Coverage Details
Total News Sources25
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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