IBM Reports Missed Earnings Amid AI Spending Shifts; DELL Sees Gains
International Business Machines Corporation (IBM) reported preliminary Q2 FY2026 earnings that missed Wall Street estimates, leading to a sharp decline in its stock. The company cited an AI-driven memory shortage and increased cybersecurity spending as factors affecting performance. In contrast, Dell Technologies (DELL) saw its shares rise 7.1% following the report due to growing investor optimism about infrastructure-focused companies.
Topics: AI server hardware technology spending