IBM Shares Drop 22% Amid Q2 Revenue Miss, Impacting Software Sector
IBM shares fell nearly 22% on July 14, marking one of the worst single-day declines since 1987. The drop followed a preliminary report showing IBM missed revenue and earnings estimates for Q2 2026 due to unfulfilled large deals as clients shifted spending toward AI hardware. Other software stocks like Microsoft (MSFT) and ServiceNow (NOW) also declined, indicating sector-specific pressure.
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