WS #12049
IBM's preliminary Q2 revenue of $17.2B (vs $17.9B consensus) triggers ~24-25% stock plunge, dragging down software peers and challenging the AI monetization narrative for legacy enterprise tech. Apple's lawsuit against OpenAI names three former Apple hardware engineers, potentially shadowing OpenAI's 2027 device launch and IPO filing.
IBM earnings miss and tech sector rout
IBM's preliminary Q2 revenue of $17.2B (vs $17.9B consensus) triggers ~24-25% stock plunge, dragging down software peers and challenging the AI monetization narrative for legacy enterprise tech.
Apple's lawsuit against OpenAI names three former Apple hardware engineers, potentially shadowing OpenAI's 2027 device launch and IPO filing.