WS #12052

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IBM plunges ~23% premarket after warning Q2 revenue and earnings miss, citing client capex reprioritization; MSFT down 3.3% on contagion. New York Governor Hochul signs executive order imposing one-year moratorium on data centers over 50MW, halting dozens of projects.

IBM earnings warning

IBM plunges ~23% premarket after warning Q2 revenue and earnings miss, citing client capex reprioritization; MSFT down 3.3% on contagion.

New York Governor Hochul signs executive order imposing one-year moratorium on data centers over 50MW, halting dozens of projects.

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