WS #12047
IBM shares plunged ~23-24% after preliminary Q2 results missed expectations, with customers shifting spending to chips/servers amid AI shortages, dragging software peers lower. New York becomes first state to impose a one-year pause on new hyperscale AI datacenters, citing environmental and energy concerns. Nvidia and Mitsubishi Heavy Industries are considering a partnership on cooling and energy management systems for AI data centers.
IBM earnings crash
IBM shares plunged ~23-24% after preliminary Q2 results missed expectations, with customers shifting spending to chips/servers amid AI shortages, dragging software peers lower.
New York becomes first state to impose a one-year pause on new hyperscale AI datacenters, citing environmental and energy concerns.
Nvidia and Mitsubishi Heavy Industries are considering a partnership on cooling and energy management systems for AI data centers.