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Big Blew It! IBM Crashes Most Since '60s Amid CapEx Woes; Goldman Warns Over 'Software Bear Case'
Big Blew It! IBM Crashes Most Since '60s Amid CapEx Woes; Goldman Warns Over 'Software Bear Case'
Summary:
Wall Street Desks Stunned
IBM Shares Crash Most On Record, Exceeding Dot Com & 1987 Crashes
CEO Arvind Krishna Blamed Preliminary 2Q Results on "Shifting" Customer CapEx Spending
IBM's surprise second-quarter warning blindsided traders Tuesday morning, raising new concerns that enterprise technology budgets are being redirected toward AI infrastructure at the expense of traditional software and IT services.
Shares plunged 24% in the first 20 minutes of New York trading. Should those losses hold through the...
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Jun 25, 2026 / Tyler Durden
75% Of US GDP Growth In The First Quarter Was Due To AI
75% Of US GDP Growth In The First Quarter Was Due To AI
On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.
The print reflected a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a...
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Apr 22, 2026 / Dave DeCamp
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Feb 23, 2026 / Jason Ditz
Maliki Rejects US Demands He Step Aside, Path to Iraq Premiership Unclear
Former Iraqi Prime Minister Nouri al-Maliki’s candidacy to return to the position was meant to have been vetoed last month by President Trump, who denounced Maliki as “insane” and threatened to withhold all US support if he returned to office. There was talk of a Sunday ultimatum for him to step down. Monday morning, Maliki […]
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