Nvidia · MarketWatch
IBM’s stock falls as software revenue underwhelms
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Shares of International Business Machines sank in after-hours trading Wednesday, after the company’s software and consulting segment revenues for the first quarter came in too close to expectations.
Key facts
- IBM’s stock IBM has fallen about 15% so far this year as investors worry about the impact that artificial intelligence will have on traditional software and industries such as consulting
- Britney Nguyen is a tech reporter covering Nvidia, chips and AI
- Shares of International Business Machines sank in after-hours trading Wednesday, after the company’s software and consulting segment revenues for the first quarter came in too close to expectations
Summary
IBM’s stock IBM has fallen about 15% so far this year as investors worry about the impact that artificial intelligence will have on traditional software and industries such as consulting. Britney Nguyen is a tech reporter covering Nvidia, chips and AI.