Why IBM shares crashed 26%: CEO Arvind Krishna highlights customer spending shifts towards AI
Published on: July 14, 2026, 11:31 p.m. | Source: The Economic Times
IBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized AI infrastructure, securing supply-constrained hardware in June. He also atrributed the shortfall to execution lapses and a mainframe business setback.
