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The Latest Breaking News from Arvind Krishna

IBM shares plunge 25% after CEO admits company fell behind

The impact on IBM is double,” Constellation Research’s Holger Mueller told Fortune, saying that IBM’s data really “shows the AI pull.

Fortune

IBM Just Lost $68B in a Day: What Triggered Its Worst Stock Crash Since 1968

The reasons behind IBM's 25% stock plunge, the impact on UK savers, and how AI hardware shifts are reshaping market value. Learn which bank downgraded IBM and what it means for your investments.

International Business Times UK

'We faltered, did not move quickly:' How IBM CEO Arvind Krishna's statement led to $70 billion wipeout

IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in market value. The selloff was triggered by weaker-than-expected preliminary Q2 results and concerns that customers are shifting spending from IBM's traditional businesses to AI infrastructure.

The Economic Times

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IBM Stock Crash Wipes Out $65 Billion in a Day, Worst Since 1987 as AI Rewires Tech Spending

IBM shares crashed 25% on Tuesday, erasing over $65 billion in the stock's worst day on record, as customers shifted spending from software to AI servers and memory chips.

International Business Times UK

TCS, Infosys, Wipro & other IT stocks fall more than 2%. Here's why

Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up…

The Economic Times

HSBC Cuts IBM Rating to Reduce Amid 22% Stock Plunge, Warning Investors of Further Downside Ahead

HSBC downgrades IBM following a 22% stock plunge due to missed Q2 earnings. The selloff impacts the tech sector, highlighting IBM's structural vulnerabilities and market ripple effects.

International Business Times UK

Why IBM shares crashed 26%: CEO Arvind Krishna highlights customer spending shifts towards AI

IBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized AI infrastructure, securing supply-constrained hardware in June. He also atrributed the shortfall to execution lapses and a mainframe business setback.

The Economic Times

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IBM warns AI boom is squeezing software budgets, triggers sector rout

Software investors have long been on edge over fears that AI tools capable of automating routine work could pose an existential threat to the industry. Tuesday's announcement showed that even the boom in spending on servers, chips and networking gear for AI was eating into software budgets.

The Economic Times

IBM stock tumbles 25% as preliminary quarterly results fall below expectations

IBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit and revenue estimates. Management attributed the shortfall to delayed deal closures and shifting client spending toward hardware ahead of price hikes, while cybersecurity concerns further weighed on performance during the quarter.

The Economic Times

IBM's Second-Quarter Results Fell Short Of Expectations. Its Shares Are Plummeting

International Business Machines' shares plummeted on Tuesday after the company's preliminary second-quarter results fell short of expectations.

International Business Times

IBM Spooks Investors With Sub-Optimal Outlook

International Business Machines Corp. (NYSE:IBM) on Tuesday released preliminary second-quarter results that fell short of its expectations, citing weaker-than-anticipated mainframe-related sales as customers shifted spending toward supply-constrained servers, storage, and memory infrastructure.

Benzinga

Kunal Shah's WhatsApp appointment underscores India's expanding Big Tech footprint

Kunal Shah, CRED founder, is set to lead WhatsApp globally, joining a distinguished line of Indian-origin tech leaders. This appointment highlights the increasing influence of Indian talent in steering major global technology firms. Recent moves include Asha Sharma at Microsoft Gaming and Rahul Patil at Anthropic, building on the legacies…

The Economic Times

'We will talk in 5 years': Sridhar Vembu reacts to IBM CEO Arvind Krishna's statement on 'multi-trillion dollar AI data center bubble'

Zoho founder Sridhar Vembu dismisses the massive AI data center buildout as a potential bubble, contrasting IBM CEO Arvind Krishna's concerns with his company's focus on core AI capabilities like data curation and compiler infrastructure. Vembu stated Zoho won't chase the "investment frenzy," emphasizing prudence over speculative spending. This stance…

The Economic Times

IBM CEO Arvind Krishna Says AI Is Not A Bubble — But Warns Of Trillions In Overinvestment

IBM CEO Arvind Krishna discusses the financial implications of AI investments, cautioning that while AI is booming, returns may take years, with only a few companies likely to succeed.

International Business Times UK

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Fortune

Costco CEO Ron Vachris says tech is ‘elevating’ workers,’ not replacing them—as IBM and Delta bosses make the same bet on humans

As companies like Meta and Amazon use AI to justify headcount reductions, Costco is doubling down on $1.50 hot dogs and humans at the cash register.

The Economic Times

US to invest $2 billion in IBM, other quantum computing firms

US government will invest $2 billion in nine quantum computing firms, including IBM’s new chip venture Anderon, to strengthen America’s lead in advanced computing and counter China. IBM gets $1 billion, GlobalFoundries $375 million, while smaller firms like D-Wave and Rigetti also receive funding amid rising investor interest.

Fortune

The U.S. has 1,200 AI bills and no good test for any of them

Yale's Jeffrey Sonnenfeld and Stephen Henriques and NYU's Gary Marcus offer a method for separating necessary AI regulation from legislative noise.

Barchart

A $1 Billion Reason to Buy the Dip in IBM Stock

IBM stock dipped after Q1 2026 earnings, but the company is projecting $1 billion in added free cash flow. Here is why the selloff could be a buying opportunity.

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Fortune

IBM is tripling the number of Gen Z entry-level jobs after finding the limits of AI adoption

Gen Z jobs aren’t dead yet: $240 billion tech giant IBM says it’s rewriting entry-level jobs—and tripling down on its hiring of young talent.

International Business Times UK

10 CEOs Who Admitted They're Replacing Workers with AI in 2026 — And One Cut 80% of His Staff

Corporate leaders from Amazon to Salesforce have publicly confirmed that AI is eliminating jobs, with survey data showing 37% of companies expect to replace roles by the end of 2026.

Tom’s Hardware

Louis Gerstner, the man who saved IBM, dies at 83 — industry mourns the passing of transformative CEO

Louis Gerstner, who took over IBM in 1993 as it stood on the brink of breakup and bankruptcy, died at 83, leaving behind a legacy defined by preserving IBM as an integrated company and changing its direction nearly entirely.

The Independent UK

Big companies aren’t making plans to hire in 2026: ‘Everybody’s afraid for their jobs’

The unemployment rate rose to 4.6 percent in November, the highest it's been in four years

The Guardian - UK

Louis Gerstner, man credited with turning around IBM, dies aged 83

Gerstner was chair and CEO at a time when the firm was struggling for relevance faced with rivals such as Microsoft

Euronews

IBM to buy Confluent in $11 billion deal to bolster AI offerings

Data streaming platform Confluent is responsible for infrastructure that underpins AI systems, allowing companies to rapidly transfer information.

TechRadar

"There is 'no way'" - IBM CEO says current AI data center trends are unsustainable, and he would know

IBM CEO Arvind Krishna warns that massive AI data center expansions carry unsustainable costs and hardware replacement challenges globally.

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Sebastian Siemiatkowski

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