WS #12097
IBM shares plummet 25% after preliminary Q2 earnings miss, citing weak mainframe demand, wiping out $70 billion in market cap and dragging down software sector. South Korea exports post strongest growth since 1978 on AI chip boom, signaling surging global demand for semiconductors and memory chips.
IBM Earnings Miss and Tech Sector Impact
IBM shares plummet 25% after preliminary Q2 earnings miss, citing weak mainframe demand, wiping out $70 billion in market cap and dragging down software sector.
South Korea exports post strongest growth since 1978 on AI chip boom, signaling surging global demand for semiconductors and memory chips.