WS #12060
IBM shares plunged 22-25% after preliminary Q2 revenue missed estimates, marking worst day since 1961; HSBC downgraded to underweight; contagion to MSFT and other software names. US trade official confirms 'very few' Nvidia H200 AI chips shipped to China, signaling restart of shipments and potential revenue boost. KeyBanc downgraded Apple to Underweight, citing limits to hardware pricing power and 20% downside risk.
IBM Earnings Disaster
IBM shares plunged 22-25% after preliminary Q2 revenue missed estimates, marking worst day since 1961; HSBC downgraded to underweight; contagion to MSFT and other software names.
US trade official confirms 'very few' Nvidia H200 AI chips shipped to China, signaling restart of shipments and potential revenue boost.
KeyBanc downgraded Apple to Underweight, citing limits to hardware pricing power and 20% downside risk.