AIFortuneabout 4 hours ago
IBM suffers worst stock crash in 115 years
7 min read
IBM shares cratered 25%, erasing $40 billion in market value after a 3.7% revenue miss. Economist Steve Hanke called this a sign of a dual bubble in AI markets, warning that earnings themselves are inflated. JPMorgan posted a record $21.2 billion quarterly profit the same day, highlighting the disconnect.
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