IBM Tanks 23% After AI Spending Shift: Will Indian IT Stocks Follow Suit?

By NDTV Profit

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IBM shares plunged as much as 23% in pre-market trading after reporting weaker-than-expected quarterly results, with the company saying customers diverted their technology budgets from software to AI infrastructure. The sharp fall wiped out nearly $55 billion in market value and also dragged down several global software stocks, including Oracle, Adobe, Accenture, and Cognizant in the pre-market session. #ibm #ibmfall #stockmarket #itstocks #business #ndtvprofit For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://www.linkedin.com/company/ndtvprofit Instagram: https://www.instagram.com/ndtvprofit/ Facebook: https://www.facebook.com/NDTVProfit/

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