WS #12063
IBM shares fall ~25% after preliminary Q2 results miss expectations due to sluggish AI infrastructure spending, dragging down software and IT services stocks. New York Governor Hochul signs executive order imposing a one-year moratorium on new hyperscale data centers, impacting tech infrastructure and energy stocks.
IBM Earnings Disaster
IBM shares fall ~25% after preliminary Q2 results miss expectations due to sluggish AI infrastructure spending, dragging down software and IT services stocks.
New York Governor Hochul signs executive order imposing a one-year moratorium on new hyperscale data centers, impacting tech infrastructure and energy stocks.