IBM Shares Crash 25% Following Profit Warning
IBM shares experienced a significant decline of 25%, marking one of the company's worst trading days ever, following a profit warning attributed to client spending on memory ahead of price hikes.
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What IBM’s profit warning means: Hardware is ‘eating everyone’s lunch’
The company said the shortfall in its software and infrastructure business was tied to clients spending on memory ahead of price hikes.
By Britney Nguyen
Read full article →IBM Shares Crashed 25% In Worst Day Ever—Here’s Why - Forbes
IBM Shares Crashed 25% In Worst Day Ever—Here’s Why Forbes
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