OrdersIBM has long been viewed as a low-volatility blue-chip stock, so a 25% single-day sell-off reflected broad investor skepticism about its near-term earnings outcome. Traditional software, mainframe and IT consulting arms face temporary headwinds as customers delay non-hardware purchases to secure constrained computing hardware first.
☕️ [Task Coins Giveaway] Daily Market Talk — Cool CPI Lifts Chips, IBM Craters 25%
Inflation finally broke the market's way. June CPI cooled hard to 3.5%, the biggest monthly drop in six years, gutting July hike odds and sending chips flying. But it was a split tape: JPMorgan and Go...
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