WS #12082
IBM shares plunge ~25% after preliminary Q2 earnings warning, worst drop since 1987, as enterprises cut software budgets to fund AI hardware. June CPI fell to 3.5%, largest drop in six years, boosting Nasdaq 0.9% and supporting rate cut expectations.
IBM Earnings Warning
IBM shares plunge ~25% after preliminary Q2 earnings warning, worst drop since 1987, as enterprises cut software budgets to fund AI hardware.
June CPI fell to 3.5%, largest drop in six years, boosting Nasdaq 0.9% and supporting rate cut expectations.