IBM is trading 4.6% down at ARS 21470.00 as shares continue to adjust after a historic 25% plunge tied to a weak preliminary Q2 earnings announcement and guidance concerns.
- Investors are still digesting the pre-announced revenue and EPS miss, which resulted in the stock's worst single trading day on record.
- Fresh analyst downgrades and a shift in client spending toward AI hardware are keeping pressure on the stock.