IBM has suffered its worst stock market collapse in decades, with shares plunging 25% in a single session as investors reacted to a deepening AI memory shortage and slowing software demand. CEO Arvind Krishna admitted the company "faltered" as soaring AI infrastructure costs, shifting enterprise spending and supply chain bottlenecks rattled confidence. What went wrong at IBM, and what does it mean for the future of AI, software and the global tech industry?

IBM crashes 25%, marks worst day since 1968

IBM’s $100B crash (its worst since 1968) signals a massive shift: enterprise budgets are rotating out of software and into AI hardware as a severe global chip shortage starves tech incumbents.

$100 billion wiped out: How AI hardware boom just crushed IBM

IBM shares plunged 25% in their steepest single-day decline since 1968 after the company issued a preliminary earnings warning that fell short of Wall Street expectations. The sharp selloff wiped out more than $100 billion in market value and erased much of the company's AI-driven gains from earlier this year.

IBM blamed weaker-than-expected results on a global memory chip shortage, saying customers redirected spending toward AI servers, storage, and memory hardware instead of software and mainframes. The warning also weighed on the broader technology sector, with software stocks declining while chipmakers and storage companies gained as investors shifted toward AI infrastructure.

IBM shares plunge 25% after shock earnings warning, ai chip shortage hits software demand

IBM shares fell 25 per cent in their biggest one-day decline in nearly 60 years after weak quarterly results. The company said customers shifted spending towards AI infrastructure and cybersecurity.

Biggest crash in nearly 60 years: IBM shares tumble 25% as AI spending reshapes enterprise technology

The United States government is set to invest $2 billion in quantum computing companies, including IBM, as part of a broader strategy to strengthen its position in advanced technologies.

'US to invest $2 billion in quantum firms': What it means for tech and global competition

AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ‘casualty’ of this was the legendary firm IBM, whose stocks fell. Traditional IT services are disrupted by agentic coding. What will happen to software engineers?

Will software engineering profession die in the age of AI? IBM stock bleeds as Claude Code writes COBOL scripts. What it means for techies

IBM shares plummeted 13.2% on Monday, marking their steepest drop since 2000, following concerns over competition from the Anthropic AI tool. Analysts say the news has rattled investors, highlighting the impact of emerging AI technologies on established tech giants. Stay updated for stock market insights, analysis, and the latest on IBM and AI competition.

IBM Stock: Anthropic AI Tool Sends IBM Stock Tumbling | 13.2% Drop Hits Market

Before becoming tech giants, gaming legends or global retailers, several of them began with surprisingly different products, from paper and dried fish to playing cards and soap. 

Nokia, Samsung, Amazon and more: 6 famous companies that started with totally different products

IBM has emerged victorious as a federal appeals court overturned a $1.6 billion judgment against the tech giant in a dispute with BMC Software over a software contract.

IBM prevails as appeals court reverses $1.6 bn judgment to BMC in software contract dispute

Following a seven-minute meeting, International Business Machines Corp (IBM) disclosed plans for layoffs within its marketing and communications division, leaving employees grappling with uncertainty.

IBM announces job cuts amidst AI integration: Report

The parent company of Facebook, Meta, and IBM on Tuesday (Dec 5) launched a new group named 'AI Alliance' which advocates for an “open-science” approach to the development of AI which has now placed them at odds with rivals Google, Microsoft and ChatGPT-maker OpenAI.

Meta, IBM join AI race, launch ‘AI Alliance' with 'open-science' approach

A senior IT professional who has been on sick leave since 2008 sued his company for discrimination because he did not receive a raise, as per a Telegraph report.

Where's the raise? Man on sick leave for 15 years sues IBM for no salary hike

Artificial intelligence seems to be the flavour of the season. Soon, artificial intelligence (AI) may replace humans at US tech giant IBM.

IBM's mega push for artificial intelligence

The biggest fear of Artificial Intelligence (AI) critics might be coming true as it is set to replace at least 7,800 jobs at International Business Machines (IBM) Corp.

IBM pauses hiring as it looks to replace 7800 jobs with AI; Know what positions are at stake

International Business Machines (IBM) Corp. Chief Executive Officer Arvind Krishna in an interview with Bloomberg stated the company is expected to pause hiring for roles it believes can be replaced with AI.

Has the purge begun? IBM to pause hiring for jobs that AI could do

IBM joined the wave of layoffs by technology companies and fired 3,900 employees. The tech hub said that the layoff drive was a part of some asset divestments. The company has missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.

IBM announces 3,900 job cuts after missing annual cash target

Global tech major IBM is the latest IT company to stand up against moonlighting, the practice of taking up secondary jobs after the regular work hours, calling it an unethical practice.

Now, IBM calls out the practice of moonlighting, terms it 'unethical'

Monday, August 24th, 2020, is a date that will remain etched eternally in the memory of Indian-American Velchamy Sankarlingam. In fact, his work involves striving to ensure that what happened on that day doesn’t repeat.

Exclusive: A global outage, privacy and security concerns, how Zoom Video set it right

For decades, each generation of computer chips got faster and more power-efficient because their most basic building blocks, called transistors, got smaller. The pace of those improvements has slowed, but International Business Machines Corp on Thursday said that silicon has at least one more generational advance in store.

IBM unveils 2-nanometre chip technology for faster computing

November 23 in history: First smartphone, Maguindanao massacre and more

In August 1968, Lynn Conway, a promising computer engineer at IBM in Sunnyvale, California, was called into the office of Gene Myron Amdahl, then the company’s director of advanced computing systems.

52 years later, IBM apologizes for firing transgender woman

Watch today in Today Tonight: 109 year old IBM (International Business Machines Corporation) ready to split into two public companies. The company wants to focus on high margin cloud computing.

Today Tonight: IBM ready to split into two public companies

International Business Machines Corp disclosed on June 8 that it will no longer offer facial recognition or analysis software in a letter to Congress calling for new efforts to pursue justice and racial equity.

Decision amid US protests against racism: IBM out of facial recognition business

The world's fastest supercomputer has identified chemicals that could curb the widespread of coronavirus outbreak by finding it's cure, according to experts. IBM's supercomputer known as Summit is the world's fastest supercomputer and is equipped with the "brain of Artificial Intelligence".

COVID-19: Crucial step towards vaccine powered by AI supercomputer

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