IBM, Software stocks
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International Business Machines Corp. posted quarterly sales in its software unit that were in line with estimates, failing to shake investor concerns about AI disruption to its business.
Both IBM and ServiceNow recently reported earnings results ahead of consensus Wall Street estimates. Yet, their stocks are getting crushed.
Wall Street’s love affair with software turned sour on Thursday as a brutal selloff swept through the sector. Quarterly results from ServiceNow and IBM rattled investors and reignited worries that generative AI could eat into the traditional SaaS playbook instead of supercharging it.
IBM has pushed back against that narrative, arguing that AI will make its offerings more attractive. “As clients scale use cases, AI continues to be a tailwind for our global bu
By Purvi Agarwal and Shashwat Chauhan April 23 (Reuters) - U.S. technology stocks diverged further on Thursday as results from IBM and ServiceNow rekindled fears of AI‑driven disruption in software, while an upbeat outlook from Texas Instruments lifted some chipmakers,
IBM (NYSE:IBM) delivered a clean beat on both lines for Q1 2026, yet shares are getting punished anyway. The stock opened sharply lower Thursday, trading at $228 after closing at $251.86 the prior session,