Forbes·3 min read·medium
Here’s Why IBM Had Its Worst Day Ever
T
Ty Roush
✦AI Summary
IBM shares experienced their largest single-day drop in history, falling 25.2% after the company failed to meet quarterly expectations. CEO Arvind Krishna attributed the decline to supply chain issues, shifting customer demand toward AI hardware, and the impact of new AI security models.
Topline IBM’s stock plummeted on Tuesday in its largest single-day loss in its 115-year history, after CEO Arvind Krishna warned investors the computing firm’s latest quarter was “worse than our expectations” while failing to adapt to rising chip costs.
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