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IBM’s Crash Reveals AI Memory Surge | Durham News
IBM’s stock plummeted 25% in one day after pre-announcing a revenue miss, revealing a massive shift in corporate IT spending as companies rushed to secure hardware before prices rose. The company misjudged the scale of this “capex reprioritization,” leaving its infrastructure segment reeling — while rivals like Micron soared, benefiting from soaring demand for high-bandwidth memory (HBM) essential for AI. With supply tight and budgets constrained, enterprises are delaying software and consulting to lock in hardware, giving Micron pricing power and boosting forecasts for DRAM and HBM…
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