IBMIBMInternational Business Machines Corporation
$226.06
24h
-0.53%
Alea ResearchAlea Research
18 Jul, 15:00

AI hardware spending crowding out software

Bearish+6.30%

AI Summary

IBM's severe stock decline demonstrates how AI hardware spending is crowding out software companies.

IBM is the week’s clearest evidence that AI hardware spending can crowd out software. The stock fell 25% intraday, its worst day since 1968, erasing over $100B and leaving it down -35% in 42 days, after peaking at a record high on June 2nd. https://x.com/AleaResearch/status/2078495008479465740/photo/1

More Views About IBM