IBM shares fall 7%, drag Dow futures lower after results fail to ease AI concerns

According to analysts at Jefferies, investors were hoping for a better show from the IBM's Software business and that Wall Street would ask questions as to whet...

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April 23, 20261 min read

IBM shares fall 7%, drag Dow futures lower after results fail to ease AI concerns
Photo source: CNBC TV18 (via GNews)

Sales at IBM's infrastructure business grew by 15% from last year to $3. 33 billion, ahead of expectations, while the consulting revenue grew by 4%, the highest since 2023 to $5. 27 billion.

By Hormaz Fatakia International Business Machines Corp. (IBM)...

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