IT giant IBM issues profit warning for the second quarter. CEO Arvind Krishna explains that customers' large investments in AI infrastructure sucked capital from the software business. The stock plummets in pre-trade, dragging the entire software sector with it.
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IT giant IBM issues profit warning for the second quarter. CEO Arvind Krishna explains that customers' large investments in AI infrastructure sucked capital from the software business. The stock plummets in pre-trade, dragging the entire software sector with it.