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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