WS #12078
IBM shares tumbled ~24% after preliminary Q2 results missed, citing failure to keep up with spending shifts toward data center infrastructure and cybersecurity; securities fraud investigation launched. Aehr Test Systems reported Q4 Non-GAAP EPS of $0.11 beating by $0.12, revenue $18.8M beating by $0.11M, and issued FY27 guidance above estimates; also secured $8M in new orders. Employees sued Meta alleging AI-driven layoffs discriminated against workers on protected leave. New York imposed a one-year ban on large hyperscale data centers over 50 MW, impacting tech infrastructure and data center REITs.
IBM Disastrous Earnings & Investigation
IBM shares tumbled ~24% after preliminary Q2 results missed, citing failure to keep up with spending shifts toward data center infrastructure and cybersecurity; securities fraud investigation launched.
Aehr Test Systems reported Q4 Non-GAAP EPS of $0.11 beating by $0.12, revenue $18.8M beating by $0.11M, and issued FY27 guidance above estimates; also secured $8M in new orders.
Employees sued Meta alleging AI-driven layoffs discriminated against workers on protected leave.
New York imposed a one-year ban on large hyperscale data centers over 50 MW, impacting tech infrastructure and data center REITs.