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IBM Shares Plunge 25% After Q2 Profit Warning, Boosting Chip and Cybersecurity Stocks

How 3 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 18 hours ago

What happened

IBM's stock plunged 25% after missing Q2 earnings expectations due to customers shifting budgets to hardware and cybersecurity. The drop marked IBM's worst daily decline ever, while chip and cybersecurity stocks rallied. CEO Arvind Krishna cited delayed adaptation to changing customer priorities as a key factor.

01IBM shares fell 25%, the largest single-day drop in company history, after a Q2 earnings warning.
02The company reported adjusted EPS of $2.93 and $17.2 billion revenue, below analyst forecasts.
03CEO Arvind Krishna blamed missed deals and budget shifts toward hardware like memory chips.
04Customers are reallocating funds to AI infrastructure and cybersecurity amid rising concerns.
05Chip makers like SK Hynix and cybersecurity firms saw stock gains following IBM's warning.
06Analysts debate if IBM's issues reflect internal problems or broader tech sector trends.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story

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Arvind Krishna