“IBM stock craters 25%, the worst day on record, after company issues second-quarter earnings warning”
August 3, 2026
“IBM stock tanked after the company released preliminary second-quarter results that fell short of expectations.
CEO Arvind Krishna blamed the shortfall on weakness in the software and infrastructure business, as clients shifted spending toward hardware purchases such as memory chips.
Tuesday’s slip comes as fears continue that the growth in artificial intelligence tools will disrupt the businesses of the biggest software companies…”
https://www.cnbc.com/2026/07/14/ibm-warns-second-quarter-earnings-fell-short-of-expectations.html
It will drop even more in my opinion.