Wednesday, 15 July, 2026
IBM Bloodbath: CEO’s Warning on Advanced AI Wipes Out $70B, Sparks Cybersecurity Rally
By TechShots Studio
IBM's market value plummeted by nearly $70 billion after CEO Arvind Krishna revealed that advanced AI models like Anthropic’s "Mythos" are causing businesses to pause technology deals. Companies are delaying contracts to re-evaluate their cybersecurity budgets amidst evolving AI threats. While IBM shares dove 26% on missed revenue expectations, cybersecurity stocks like CrowdStrike and Okta surged dramatically.
Read full story at TIMES OF INDIA