WS #12062
IBM shares plunge ~25% after preliminary Q2 results miss expectations due to sluggish customer spending on AI infrastructure, dragging down software and IT services stocks. New York becomes first US state to ban new large-scale AI data centers for one year, potentially impacting tech infrastructure and data center REITs.
IBM Earnings Disaster
IBM shares plunge ~25% after preliminary Q2 results miss expectations due to sluggish customer spending on AI infrastructure, dragging down software and IT services stocks.
New York becomes first US state to ban new large-scale AI data centers for one year, potentially impacting tech infrastructure and data center REITs.