IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’
IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’ 2026-07-14 at 18:32 By Reuters The company has been trying to reduce its reliance on the cyclical mainframe business by focusing on its software unit including its high-margin Red Hat business, which helps firms run applications across different cloud providers. […]