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Article New York Post Business

IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’

New York Post Business July 14, 2026 · 3:32 pm Read Original
Optimistic 41.7
−100 Bearish 0 +100 Bullish
IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’

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.

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Article Info
Source New York Post Business
Published Jul 14, 2026 · 3:32 pm
Article ID 4ewxkjq
Original URL Open source
Sentiment Signal
Optimistic 41.7
−100Neutral+100
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