IBM Tanks 23% After AI Spending Shift: Will Indian IT Stocks Follow Suit?

IBM shares experienced a dramatic plunge of up to 23% in pre-market trading following weaker-than-expected preliminary quarterly results. The company reported that clients are rapidly shifting their technology budgets away from traditional software and infrastructure products toward AI hardware components like servers and memory chips. This massive decline wiped out billions in market value and triggered a broader sell-off across global tech and Indian IT stocks.#IBM #StockMarket #AISpending #ITStocks #TechNews #BusinessUpdate #MarketCrash #ArtificialIntelligence #GlobalStocks #EarningsMiss