WS #12051
IBM reports Q2 revenue $17.2B vs $17.9B est., stock falls ~23%, dragging tech sector; HSBC downgrades to Reduce. New York Governor Hochul signs executive order halting new data centers over 50MW for one year, impacting AI infrastructure buildout. US official confirms H200 chip shipments to China have begun but remain limited; ZTE among licensed firms.
IBM Earnings Warning
IBM reports Q2 revenue $17.2B vs $17.9B est., stock falls ~23%, dragging tech sector; HSBC downgrades to Reduce.
New York Governor Hochul signs executive order halting new data centers over 50MW for one year, impacting AI infrastructure buildout.
US official confirms H200 chip shipments to China have begun but remain limited; ZTE among licensed firms.