Reported about 7 hours ago
IBM shares fell over 6.5% due to slower growth in its cloud software segment, raising investor concerns about the company's ability to capitalize on AI demand. Despite an optimistic revenue outlook and healthy quarterly results from its infrastructure segment, the declining growth rate of its Red Hat hybrid cloud business has left investors apprehensive about future performance. Analysts highlight the importance of software performance for the company's overall growth and suggest that IBM's ongoing acquisition strategies may help meet high growth expectations.
Source: YAHOO