Why is IBM stock sliding today?
IBM's stock is falling due to multiple factors, including a broad selloff in the IT services sector after Accenture cut its guidance. Additionally, an IBM study revealed that 91% of executives don't fully understand their AI dependencies, which analysts fear could delay large-scale AI deployments. The stock is also undergoing a technical correction, facing competitive pressure from hyperscalers like AWS, and is impacted by a hawkish Federal Reserve outlook.
https://www.investing.com/news/stock-market-news/why-is-ibm-stock-sliding-today-93CH-4749590