IBM Stock Plunges After Profit Warning Amid Shift in Tech Spending
Shares of International Business Machines (NYSE: IBM) dropped sharply after the company projected a profit shortfall due to shifting client spending toward AI-related investments. IBM expects Q2 revenue growth of just 1% and earnings per share below Wall Street estimates, raising concerns about its ability to benefit from the AI boom.
Tickers: $IBM
Topics: AI Spending Shifts Earnings Guidance IBM