IBM Loses Quarter of Its Value as Tech Giant's Shares Plunge and Profits Falter The recent stock market downturn suffered by IBM is more than just a fleeting blip – it's a harbinger of deeper structural issues that threaten to upend the tech industry.
As the company's shares plummeted by a quarter, wiping out over $130 billion in value, it's clear that something more profound is at play.
IBM's struggles are, in part, a symptom of the sector wide shift towards datacentre infrastructure and cybersecurity.