IBM experienced its most significant single-day market value decline in its 115-year history, shedding nearly $70 billion. This sharp drop occurred after CEO Arvind Krishna conceded that the firm was sluggish in reacting to the rise of AI, stating, "We faltered...and didn't adapt and move quickly enough." The company’s total valuation dropped by approximately $70 billion from its previous level of around $272.78 billion.

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