NDTV·2 min read·medium
IBM Stocks Slide Most In 58 Years Over CEO Arvind Krishna's "We Faltered On AI" Remark
✦AI Summary
IBM shares experienced their sharpest decline in 58 years following CEO Arvind Krishna's admission that the company faltered in its AI strategy. The company reported a modest one percent revenue growth to $17.2 billion for the second quarter.
IBM Stock Crash: IBM said its revenue for the three months ending in June rose just one per cent to $17.2 billion.
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