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15.07.26 - 04:30
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IBM shares tank 26% after initial results disappoint (Times of India)
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International Business Machines reported disappointing preliminary results on Tuesday. This news caused significant drops in software and IT services company shares. Investors are now concerned about a capital spending pivot impacting the entire industry. Many software stocks experienced notable declines following IBM's announcement. The sector has faced pressure this year amid artificial intelligence proliferation concerns....
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14.07.26 - 19:36
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IBM loses quarter of its value as tech giant′s shares plunge and profits falter (The Guardian)
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IBM issued profit warning after weak second quarter, triggering selloff in software sector including MicrosoftShares in IBM plunged more than 25% on Tuesday after the US tech giant released disappointing preliminary second-quarter results. IBM's stock was on track for an even steeper single-day decline than it suffered during the 1987 “Black Monday” crash.IBM had issued a profit warning and blamed shifts in corporate customers' spending. The company said revenue for the three months ending in June came in at $17.2bn, up just 1% year-over-year. Continue reading......
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14.07.26 - 16:54
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IBM Falls Most Since At Least 1968 on Sales Miss (Bloomberg)
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International Business Machines Corp. shares slid by the most in at least 58 years after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers shifting their spending to chips and servers amid AI-fueled shortages.
Anurag Rana, Bloomberg Intelligence Senior Tech Analyst, discusses the miss and what it means for IBM as well as the broader tech sector. (Source: Bloomberg)...
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