16 July 2026 at 3:15 am
Summary
IBM experienced its worst single-day stock crash in its 115-year history after missing revenue expectations, leading economist Steve Hanke to suggest the market is facing a dual bubble, including a dangerous "earnings bubble" in AI markets. This event occurred as major banks like JPMorgan and Goldman Sachs reported record profits, highlighting a significant market juxtaposition.
IBM CEO admits company failed to adapt, leading to historic 25% stock crash
16 Jul 2026, 3:15 am · Business
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IBM Suffers $70 Billion Market Loss After CEO Admits Lag in AI Adaptation
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IBM Shares Plunge 25% Amid Customer Shift to AI, CEO Admits Company "Faltered"
15 Jul 2026, 1:17 am · Business
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