Why IBM's Stock Just Had Its Worst Day Ever
Investors just handed IBM a sharp penalty for misreading the AI moment. Shares of the tech veteran plunged 25.2% on Tuesday after it warned that second-quarter results will miss Wall Street's forecasts, even though revenue and profit are still expected to ris…
The company "did not anticipate the magnitude of the capex reprioritization," Krishna said. "These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt an… [+720 chars]