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IBM’s AI Shift Threatens Core Business | Durham News
IBM’s stock plummeted 25% after a brutal second-quarter miss, erasing $69 billion in value — not just for missing targets, but because customers are flooding toward AI hardware, sidelining IBM’s traditional software, mainframes, and consulting. CEO Arvind Krishna admitted the company “faltered,” as AI-driven spending shifts and delayed deals hurt momentum. While demand for IBM’s products remains, timing and competition for customer dollars are forcing a reckoning — and investors are watching to see if IBM’s future bets in AI and quantum can survive this reshaping of its core business. Listen…
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