Billions Wiped Out in IBM's Worst Fall in 115 Years, but CEO Has Message for Wall Street The recent collapse of IBM's market value has left analysts and investors scrambling to understand the company's struggles.
On July 14, IBM suffered its sharpest one day decline in 115 years, with a 25% drop that sparked concerns about the tech giant's future.
At the heart of the issue is IBM's mainframe business, which has been battered by plummeting sales and the AI boom.