Why did IBM stock suffer its biggest single-day drop in 115 years?
On Tuesday, IBM stock plummeted by 25%, erasing approximately $70 billion from its market capitalization in the company's most significant one-day loss since its inception 115 years ago. According to India Today, the downturn was driven by a move in business investment toward AI infrastructure, the inability to finalize major contracts, and sluggish sales of the z17 mainframe. IBM acknowledged that it did not pivot fast enough to keep pace with the AI surge.
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