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IBM stock suffers worst crash since 1987 after AI spending shift blindsides Q2 results
Startups & Business

IBM stock suffers worst crash since 1987 after AI spending shift blindsides Q2 results

IBM shares fell as much as 24.8% on July 14 after the company's preliminary Q2 2026 results missed Wall Street estimates by a wide margin, wiping out roughly $70 billion in market value as CEO Arvind Krishna admitted the company misjudged how fast clients would redirect budgets to AI infrastructure.

IBM Investor Relations
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