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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
ibmai-infrastructure
TSMC's June revenue jumps 68% as AI chip demand outstrips supply
Computers & Hardware

TSMC's June revenue jumps 68% as AI chip demand outstrips supply

Taiwan Semiconductor Manufacturing Co. reported June revenue of NT$398.27 billion, up 67.9% year-over-year, with first-half 2026 revenue up 35.6% as demand for advanced AI processors continues to exceed the company's production capacity.

Euronews
semiconductorsmanufacturing
PixVerse closes $439M Series C extension with Alibaba backing
Artificial Intelligence

PixVerse closes $439M Series C extension with Alibaba backing

Singapore-based video-generation startup PixVerse has raised $439 million in a Series C extension, crossing a $2 billion valuation as it prepares new model lines for consumers, filmmakers, and game developers.

TechCrunch
fundingvideo-generation