IBM stock closes down more than 25% after preannounced earnings results
IBM (IBM) ended trading Tuesday down more than 25%, its worst drop since at least 1968, after the company preannounced earnings that fell well below Wall Street’s expectations. Big Blue attributed the results to customers shifting spending away from software and mainframe products and toward AI serv
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IBM (IBM) ended trading Tuesday down more than 25%, its worst drop since at least 1968, after the company preannounced earnings that fell well below Wall Street’s expectations. Big Blue attributed the results to customers shifting spending away from software and mainframe products and toward AI serv
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