IBM Shares Plunge 25% Amid Customer Shift to AI, CEO Admits Company "Faltered"

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15 July 2026 at 1:17 am

IBM Shares Plunge 25% Amid Customer Shift to AI, CEO Admits Company "Faltered"

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Summary

IBM's shares have fallen by 25% as customers shift their spending towards AI technologies, according to CEO Arvind Krishna, who stated the company "faltered" in this transition.

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