WS #12054
IBM plunges ~23% premarket on Q2 warning, dragging Microsoft down 3.3% and raising enterprise tech contagion fears. June CPI 3.5% YoY vs 3.8% consensus, boosting risk assets and Bitcoin above $64K. AMD stock surges 4% on multiple analyst upgrades from Keybanc, BofA, TD Cowen citing AI GPU demand.
IBM earnings warning and tech contagion
IBM plunges ~23% premarket on Q2 warning, dragging Microsoft down 3.3% and raising enterprise tech contagion fears.
June CPI 3.5% YoY vs 3.8% consensus, boosting risk assets and Bitcoin above $64K.
AMD stock surges 4% on multiple analyst upgrades from Keybanc, BofA, TD Cowen citing AI GPU demand.