IBM shares plunge 25% as customers shift spending to AI

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TheStraitsTimes Singapore 3h

IBM shares plunge 25% as customers shift spending to AI

Washington - IBM shares plunged 25 per cent on July 14 after the US tech giant released disappointing preliminary second-quarter results, blaming a shift in spending by customers due to expected higher prices for memory chips and other AI-related infrastructure. “We did not adapt and move quickly e»»»

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