IBM loses quarter of its value as tech giant’s shares plunge and profits falter
IBM shares fell over 25% following a disappointing second-quarter earnings report and a profit warning. The company cited a shift in corporate spending toward AI infrastructure and cybersecurity, which negatively impacted their traditional software and mainframe business.
Signage for IBM outside the New York Stock Exchange on 7 July 2026 in New York City. Signage for IBM outside the New York Stock Exchange on 7 July 2026 in New York City. IBM IBM loses quarter of its value as tech giant’s shares plunge and profits falter IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft
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