IBM shares fell 24% after the company released disappointing preliminary Q2 results. Management attributed the weakness to a shift in customer spending as higher prices for memory chips and other AI infrastructure are expected. The earnings disappointment and guidance uncertainty are likely to pressure the stock in the near term.
IBM shares fell 24% after the company released disappointing preliminary Q2 results. Management attributed the weakness to a shift in customer spending as higher prices for memory chips and other AI infrastructure are expected. The earnings disappointment and guidance uncertainty are likely to pressure the stock in the near term.
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moderately negative
Sentiment Score
-0.55
Ticker Sentiment
