IBM’s Stock Plummets 25% on Q2 Shock | Raleigh News

IBM just suffered its worst trading day ever, plummeting 25.21% and wiping out $68 billion in value after CEO Arvind Krishna’s urgent warning that Q2 results missed expectations. Revenue fell short by $660 million, and earnings per share underperformed, driven by delayed big deals and a sudden pivot by clients toward AI hardware over IBM’s core software and mainframe offerings. The shockwave hit especially hard for long-term investors, as IBM—a century-old blue-chip stalwart—suddenly looks vulnerable. Even Oppenheimer, a longtime bullish supporter, reversed course, downgrading the stock and removing its positive rating. Now, the world is watching IBM’s earnings call on July 22nd to see if this crash is a temporary stumble or the beginning of a deeper crisis. 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/31a65ab5ca799596