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The AI Hardware Investment Boom Deals a Heavy Blow to IBM, with the Stock Plunging by a Record 25% Yesterday
1 day ago /
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Author：小编
The technology giant IBM saw its stock price plummet by 25.21% on Tuesday, closing at $217.07, marking the largest single-day decline since 1987 and erasing approximately $69 billion in market value. IBM CEO Krishna stated that the performance decline was primarily due to unfinished large-scale projects and a shift in customer spending towards servers, storage, and memory devices. Additionally, the global memory shortage has exacerbated operational challenges for the company.
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