Friday, 24 July, 2026
"Deferral, Not Destruction": IBM CEO Reassures Wall Street After Historic Stock Plunge
By TechShots Studio
IBM suffered its worst single-day stock drop in its 115-year history following a sharp collapse in mainframe sales. However, CEO Arvind Krishna reassured investors that demand hasn't vanished—clients simply prioritized surging AI hardware costs. With a third of delayed software deals already closed, Krishna insists tech spending is merely deferred, not destroyed.
Read full story at TIMES OF INDIA