IBM stock suffers historic 26% drop, the biggest in nearly six decades
On Tuesday, IBM's stock value plummeted by approximately 26% during early trading, representing the company's steepest one-day decline in at least 58 years. This sharp downturn followed the firm's projection of $17.2 billion in second-quarter revenue, which fell short of the $17.9 billion analysts had anticipated. IBM acknowledged that it has struggled as business investment in technology has pivoted from software toward data-center infrastructure due to the rise of AI.
by shortkt.com✓