IBM’s preliminary Q2 revenue forecast came in below Wall Street expectations, despite AI-driven demand for infrastructure (servers, storage, and memory). Shares slumped 17% in premarket trading on the weaker-than-estimated outlook, indicating investors are discounting the AI spending benefits. The update likely moves the stock meaningfully in the near term.
IBM’s preliminary Q2 revenue forecast came in below Wall Street expectations, despite AI-driven demand for infrastructure (servers, storage, and memory). Shares slumped 17% in premarket trading on the weaker-than-estimated outlook, indicating investors are discounting the AI spending benefits. The update likely moves the stock meaningfully in the near term.
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moderately negative
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