IBM’s stock plunges 25.2% as of today...

IBM’s stock plunges 25.2% as of today, as investors reassess enterprise technology spending. Companies redirect budgets from traditional software and consulting toward AI hardware, servers, storage, and memory, while a DRAM supply crunch sharply raises infrastructure costs. IBM’s software, consulting, and infrastructure divisions disappoint, despite stable Red Hat growth. The shock spreads to global software and Indian IT stocks, including Infosys and Wipro ADRs. Cybersecurity and AI hardware firms gain as markets expect spending to shift toward security, chips, and data-centre infrastructure.

Wednesday, 15 July, 2026