IBM Heads for Worst Day Ever — But Why Are Cybersecurity Stocks Up?

IBM shares fell more than 24% after the company warned that clients paused software and mainframe spending due to rapidly-evolving, industry-wide cybersecurity concerns. The move is set up as IBM’s worst daily performance ever, signaling meaningful demand risk in its core enterprise spending categories.

Analysis

IBM shares fell more than 24% after the company warned that clients paused software and mainframe spending due to rapidly-evolving, industry-wide cybersecurity concerns. The move is set up as IBM’s worst daily performance ever, signaling meaningful demand risk in its core enterprise spending categories.