WS #12065
IBM stock sees worst drop in 39 years (-25%+) after CEO admits failure to close large deals, signaling enterprise software weakness. US June CPI drops to 3.5% YoY (vs 3.8% expected), first negative monthly print in six years, reducing Fed rate hike odds. S&P downgrades Oracle to BBB- (one notch above junk) due to AI infrastructure debt and OpenAI concentration risk.
IBM Historic Collapse
IBM stock sees worst drop in 39 years (-25%+) after CEO admits failure to close large deals, signaling enterprise software weakness.
US June CPI drops to 3.5% YoY (vs 3.8% expected), first negative monthly print in six years, reducing Fed rate hike odds.
S&P downgrades Oracle to BBB- (one notch above junk) due to AI infrastructure debt and OpenAI concentration risk.