๐ IBM $IBM crashes -25% on Q2 earnings miss โ worst single day since 1961
Big Blue just had its worst session in over 60 years. IBM preannounced Q2 revenue of $17.2B vs the $17.86B Wall Street expected, with EPS of $2.93 vs $3.02 โ CEO Arvind Krishna admitted customers are diverting spend from mainframes and software straight into AI servers and memory. The full earnings call is not until July 22, so there is more pain or clarity to come. Not financial advice. Is this a generational buy-the-dip moment or a sign IBM missed the AI transition for good?
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