IBM's historic stock crash: What triggered the 25% plunge?
Published on: July 15, 2026, 11:29 a.m. | Source: The Economic Times
Chief Executive Arvind Krishna said many enterprise customers redirected their technology budgets toward AI infrastructure such as servers, storage and memory chips, delaying or cancelling software purchases. IBM admitted it underestimated the scale of this spending shift. AI spending reshaped customer budgets
