IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’
Business IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’ By Reuters Published July 14, 2026, 11:32 a.m. Add The New York Post on Google IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates, the clearest sign yet of AI’s growing toll on the sector. The warning sent IBM’s shares down 25% in trading on Tuesday, putting the stock on track for an even steeper single-day decline than it suffered during the 1987 “Black Monday” crash.
- ▪Business IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’ By Reuters Published July 14, 2026, 11:32 a.m.
- ▪Add The New York Post on Google IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates, the clearest sign yet of AI’s gr
- ▪The warning sent IBM’s shares down 25% in trading on Tuesday, putting the stock on track for an even steeper single-day decline than it suffered during the 1987 “Black Monday” crash.
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