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IBM shares crashed more than 25% on Tuesday following disappointing second-quarter results, with revenue reaching just $17.2 billion and year-over-year growth stuck at 1%. The company issued a profit warning citing shifts in corporate customer spending patterns, triggering a broader selloff across the software sector including Microsoft shares.
Why it matters: IBM's dramatic stock decline signals potential weakness in enterprise software spending and corporate IT budgets, a key indicator for the broader AI and cloud infrastructure investment cycle that tech investors are closely monitoring.
