IBM’s 25% Crash Reveals AI’s Hidden Corporate Casualty The $69 billion market value wiped out by IBM's 25% crash on July 14 serves as a stark reminder that even tech titans are vulnerable to technological change.
At first glance, the company's disappointing second quarter results might seem like an isolated incident, but closer inspection reveals a more ominous trend: artificial intelligence is quietly displacing traditional software and services.
IBM's fortunes have turned swiftly. Just three months ago, the company was riding high on revenue gains, with software sales up 11% and mainframe related deals looking robust.