WS #12100
US June CPI fell 0.4% MoM, core flat, reducing Fed rate hike expectations and boosting risk assets globally. IBM shares plunged 25% after preliminary Q2 results missed estimates due to enterprise capex shift toward AI infrastructure, wiping out $69 billion in market cap.
US CPI Data Miss
US June CPI fell 0.4% MoM, core flat, reducing Fed rate hike expectations and boosting risk assets globally.
IBM shares plunged 25% after preliminary Q2 results missed estimates due to enterprise capex shift toward AI infrastructure, wiping out $69 billion in market cap.