WS #12092

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IBM plunges ~25% after pre-announcing weak Q2 results, signaling enterprise IT spending shift from software to AI hardware and cybersecurity. Japan's July Tankan: manufacturers index +13 (flat vs June), non-manufacturers +25 (down from +32).

IBM Earnings Miss and IT Spending Shift

IBM plunges ~25% after pre-announcing weak Q2 results, signaling enterprise IT spending shift from software to AI hardware and cybersecurity.

Japan's July Tankan: manufacturers index +13 (flat vs June), non-manufacturers +25 (down from +32).

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