WS #12043
IBM plunges 24%+ after preliminary Q2 revenue miss, worst day since 1960s, as customers shift spending to AI hardware; drags tech and IT services stocks. Uber in advanced talks to acquire Delivery Hero, valuing it well above €36/share; Bloomberg source. Chinese chip giant CXMT seeks to raise $9.8 billion in Shanghai IPO; Bloomberg source. New York becomes first US state to impose moratorium on data centers, negative for data center REITs and tech infrastructure.
IBM Preliminary Q2 Miss / Tech Rout
IBM plunges 24%+ after preliminary Q2 revenue miss, worst day since 1960s, as customers shift spending to AI hardware; drags tech and IT services stocks.
Uber in advanced talks to acquire Delivery Hero, valuing it well above €36/share; Bloomberg source.
Chinese chip giant CXMT seeks to raise $9.8 billion in Shanghai IPO; Bloomberg source.
New York becomes first US state to impose moratorium on data centers, negative for data center REITs and tech infrastructure.