WS #12057
IBM preannounces Q2 revenue of $17.2B vs $17.9B expected, stock plunges ~26% in worst drop since 1987, dragging software and IT services stocks lower. New York enacts nation's first statewide moratorium on data centers, potentially impacting data center REITs and tech infrastructure.
IBM earnings warning and tech selloff
IBM preannounces Q2 revenue of $17.2B vs $17.9B expected, stock plunges ~26% in worst drop since 1987, dragging software and IT services stocks lower.
New York enacts nation's first statewide moratorium on data centers, potentially impacting data center REITs and tech infrastructure.