TECH

IBM Stock Crash Wipes Out $65 Billion in a Day, Worst Since 1987 as AI Rewires Tech Spending

International Business Times UK — July 15, 2026 at 09:19 AM UTC

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IBM Stock Crash Wipes Out $65 Billion in a Day, Worst Since 1987 as AI Rewires Tech Spending

IBM shares crashed 25% on Tuesday, erasing over $65 billion in the stock's worst day on record, as customers shifted spending from software to AI servers and memory chips.