WS #12055
IBM preannounces weak Q2, shares plunge ~26% on software weakness as AI spending shifts to infrastructure; drags on enterprise software peers (ORCL, NOW). AMD surges 4%+ as KeyBanc, BofA, TD Cowen raise price targets on AI GPU demand and server growth; bullish options flow detected. New York enacts nation's first statewide moratorium on data centers, following Hochul's earlier executive order; impacts data center REITs and AI infrastructure expansion.
IBM Earnings Warning
IBM preannounces weak Q2, shares plunge ~26% on software weakness as AI spending shifts to infrastructure; drags on enterprise software peers (ORCL, NOW).
AMD surges 4%+ as KeyBanc, BofA, TD Cowen raise price targets on AI GPU demand and server growth; bullish options flow detected.
New York enacts nation's first statewide moratorium on data centers, following Hochul's earlier executive order; impacts data center REITs and AI infrastructure expansion.