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IBM Stock Plummets 25%: CEO Addresses Wall Street Concerns
IBM's stock plummeted 25% on July 14, marking its worst fall in 115 years. CEO Arvind Krishna reassured investors that the revenue drop was due to deferrals, not losses, with a third of delayed deals closing shortly after. Despite cutting its 2026 growth forecast, IBM is investing heavily in Lightwell and quantum computing, committing over $15 billion to future technologies.
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