Coin World News: International Business Machines (IBM) shares plummeted 25% on Tuesday, falling from $280 to nearly $210, marking the biggest drop in decades. The company’s preliminary second-quarter earnings report showed revenue of $17.2 billion, below market expectations of $17.85 billion. In a letter to investors, IBM CEO Arvind Krishna acknowledged that the company failed to adapt in time to customers’ trend of shifting technology budgets toward AI servers, storage, and memory. In addition, IBM lowered its performance outlook for the next quarter and for this fiscal year. Despite this, Wall Street’s overall rating for the stock remains “buy.”

IBM-25.23%
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YieldYardkeeper
· 6h ago
The biggest single-day drop in decades—how ugly does this candlestick have to look. The dip-buyers are already flexing, aren’t they?
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BluePeonyMinerDream
· 8h ago
Old-guard giants moved too slowly, and AI didn’t keep up this round—its stock price got a hard lesson.
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GaslightGardener
· 8h ago
Khrishna’s letter is quite straightforward—it admits that falling behind is better than stubbornly holding on, but the market isn’t giving any face.
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MosaicButterfly
· 8h ago
Fell from 280 to 210—didn’t reach a 25% drop within a day. The guys holding positions can’t sleep tonight.
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TheProphetOfToast
· 8h ago
17.2B vs 17.85B—this gap isn’t really that big and isn’t really that small. The key issue is that expectation management broke down.
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