IBM Stock Plummets Over Preliminary Earnings Miss and Concerns About Market Shift
International Business Machines (NYSE: IBM) saw its stock drop over 25% after preannouncing disappointing Q2 results, including revenue and earnings misses. The company also highlighted challenges from memory shortages and a shift in customer spending toward AI servers rather than traditional software or mainframe products.
Tickers: $IBM
Topics: IBM Q2 earnings miss stock price drop