IBM Falls Most Since At Least 1968 on Sales Miss
International Business Machines Corp. shares slid by the most in at least 58 years after the company reported preliminary second-quarter sales that fell short of
International Business Machines Corp. shares slid by the most in at least 58 years after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers shifting their spending to chips and servers amid AI-fueled shortages.
Anurag Rana, Bloomberg Intelligence Senior Tech Analyst, discusses the miss and what it means for IBM as well as the broader tech sector. More on Bloomberg Television and Markets Like this video?
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