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IBM shares tank 26% after initial results disappoint

International Business Machines reported disappointing preliminary results on Tuesday. This news caused significant drops in software and IT services company shares. Investors are now concerned about a capital spending pivot impacting the entire industry. Many software stocks experienced notable declines following IBM's announcement. The sector has faced pressure this year amid artificial intelligence proliferation concerns.

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Times of IndiaLean R·2h ago
IBM shares tank 26% after initial results disappoint
International Business Machines reported disappointing preliminary results on Tuesday. This news caused significant drops in software and IT services company shares. Investors are now concerned about a capital spending pivot impacting the entire industry. Many software stocks experienced notable declines following IBM's announcement. The sector has faced pressure this year amid artificial intelligence proliferation concerns.
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IBM shares tank 26% after initial results disappoint

How 1 sources are covering this

IBM shares tank 26% after initial results disappoint

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