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IBM’s Stock Plummets 25% on Q2 Shock | Raleigh News
IBM just suffered its worst trading day ever, plummeting 25.21% and wiping out $68 billion in value after CEO Arvind Krishna’s urgent warning that Q2 results missed expectations. Revenue fell short by $660 million, and earnings per share underperformed, driven by delayed big deals and a sudden pivot by clients toward AI hardware over IBM’s core software and mainframe offerings. The shockwave hit especially hard for long-term investors, as IBM—a century-old blue-chip stalwart—suddenly looks vulnerable. Even Oppenheimer, a longtime bullish supporter, reversed course, downgrading the stock and…
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