IBM Stock Plummets Amid AI Shift | Business and Finance News

IBM’s stock plummeted 25% in one day — the biggest single-day drop in its history — after missing earnings targets, revealing a major misstep in predicting the shift from software to AI hardware demand. Customers are snapping up memory chips and servers, driving prices up and leaving IBM scrambling. But while the market overreacted, IBM’s fundamentals remain strong: $2 billion in free cash flow and 9% revenue growth last quarter. The AI hardware boom won’t last forever, making this a potential buying opportunity — if you’re patient and do your own research. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/977c2201e6a80d41