๐ IBM $IBM tries to stabilize near $219 after historic -25% crash โ worst day since 1968
IBM pre-announced a Q2 earnings miss Tuesday that sent shares down 25.21% โ the biggest single-day drop in the company's recorded history dating back to 1968. Revenue came in at $17.2B vs. $17.86B expected as customers rapidly shifted spending from IBM's mainframe and software stack toward AI servers and memory chips. The stock is attempting a slight bounce around $219.50 Wednesday but full earnings details aren't due until July 22. Not financial advice. Is this an overreaction dip to buy, or a red flag that legacy tech is losing the AI spending war?
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