Philippine Daily Inquirer
IBM shares plunge 25% as AI spending boom disrupts business
IBM shares plunged 25 percent Tuesday after the US tech giant released disappointing preliminary second-quarter results, blaming a shift in spending by customers due to expected higher prices for memory chips and other AI-related infrastructure. “We did not adapt and move quickly enough,” IBM CEO Arvind Krishna said in a letter to investors. The company […]... Keep on reading: IBM shares plunge 25% as AI spending boom disrupts business
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