WS #12148
IBM shares plunge 25% after CEO acknowledges AI spending shift hurt revenue; preliminary Q2 revenue $17.2B, below expectations. Apple hits new all-time high as Apple Intelligence approved in China with Alibaba's Qwen AI integration; positive news for iPhone demand.
IBM Earnings Miss
IBM shares plunge 25% after CEO acknowledges AI spending shift hurt revenue; preliminary Q2 revenue $17.2B, below expectations.
Apple hits new all-time high as Apple Intelligence approved in China with Alibaba's Qwen AI integration; positive news for iPhone demand.