IBM shares plunge 23% as customers shift spending to AI(ft.com)
ft.com
IBM shares plunge 23% as customers shift spending to AI
https://www.ft.com/content/da478c37-7a32-415d-9f30-3b2981149f95
3 comments
https://archive.ph/SkHmS
Cramer said to buy last week....
https://youtu.be/7IbG-Si9K_A
Mooooooonetiziiiiiing oooooon AAAAAAIIIIIII: https://www.youtube.com/shorts/TZfPJ6_l1iA
https://youtu.be/7IbG-Si9K_A
Mooooooonetiziiiiiing oooooon AAAAAAIIIIIII: https://www.youtube.com/shorts/TZfPJ6_l1iA
Flat compared to 2 months ago. Chart looks like a pump-and-dump. 50% up and back. Is there any precedence in history for a swing like this over a two month period for the IBM stock?
The 50% increase was due in part to IBM's acquisition of Confluent under the assumption that it would help IBM derive additional business from the datalake segment.
Wasn't that acquisition announced in December 2025 and closed in March 2026? Hard to imagine it created a sudden spike in the share price only in late May.
It impacted IBM's projected sales pipeline for the quarter.