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IBM shares fall sharply after weaker-than-expected quarterly preview
The decline follows IBM’s disappointing outlook preview, reviving concerns about AI-driven disruption in software and consulting markets.
IBM shares dropped sharply after the company previewed quarterly results that fell short of expectations, according to the New York Times.
The selloff is raising renewed concerns in the software and tech consulting sector, where investors are focused on how quickly AI is changing demand for traditional services.
NYT Business said the news is not a positive signal for software and tech consulting companies, which can be sensitive to shifts in enterprise spending and technology adoption.
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