WS #12064
IBM shares fall >25% after early Q2 revenue miss, worst drop in 39 years; CEO admits failure to close large deals; read-through risk for enterprise software peers. June CPI at 3.5% YoY vs 3.8% expected, first drop in six years; Fed rate hike probability falls to ~15%, boosting risk assets. S&P downgrades Oracle to BBB- (one notch above junk) due to massive AI infrastructure debt and OpenAI concentration risk.
IBM Historic Collapse
IBM shares fall >25% after early Q2 revenue miss, worst drop in 39 years; CEO admits failure to close large deals; read-through risk for enterprise software peers.
June CPI at 3.5% YoY vs 3.8% expected, first drop in six years; Fed rate hike probability falls to ~15%, boosting risk assets.
S&P downgrades Oracle to BBB- (one notch above junk) due to massive AI infrastructure debt and OpenAI concentration risk.