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IBM’s AI Shift Slows Growth | US News
IBM just slashed its 2026 revenue growth forecast to 4-5%, down from over 5%, as AI hardware spending shifts away from its software and mainframe sales, triggering its biggest one-day stock drop in a century. The company admits it “faltered” in adapting, pushing back big deals and sparking investor fears that other software sectors could suffer. Yet analysts argue the broader impact may be limited, since much of the weakness stems from IBM’s mainframe business — critical for banks and airlines. Despite the miss, IBM’s stock edged up after-hours, with finance leadership signaling a potential…
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