IBM Stock Fell 25% But The Brand May Be The Real Problem
Revenue rose just 1% to $17.2 billion, while software growth could not offset flat consulting and a 7% drop in infrastructure.
8 Articles
8 Articles
IBM's 25% Single Day Plunge: The AI Boom's Biggest Victim May Be The Market's Anti-AI Trade
IBM shares fell 25 percent in a single session, the worst day in the company's history, after a memory shortage wrecked its second quarter. We look at what a wounded IBM does next with its most credible long-horizon bet: quantum computing.
Shares of American multinational technology giant IBM (International Business Machines) plunged by 25 percent on Tuesday, wiping out $70 billion (Rs. 6.7 lakh crore) in the company's market value in a single day. This is the first time in 58 years that the company has suffered such a loss.
IBM Shares Remain In ‘Penalty Box’ After Epic 25% Crash - South Asian Daily
IBM suffered its steepest single-day stock decline on record after shares plunged about 25 per cent on July 14 following an unexpected warning that its second-quarter results would fall short of Wall Street expectations. The selloff erased roughly US$70 billion from IBM’s market value and marked a larger one-day percentage decline than the technology company’s losses during the 1987 stock market crash. The sharp drop came after IBM projected sec…
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