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IBM Shares Plunge 25% After CEO Warns of Weak Quarterly Earnings

Guavy AI Editorial Team
Instruments
IBM
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IBM shares plummeted by 25% after its CEO warned of weak quarterly earnings. The decline is a significant setback for the company, which has been struggling with declining revenue and profit margins.

The warning from IBM's CEO was not specific about the exact numbers, but it did indicate that the company will miss analyst expectations. This has caused investors to become increasingly pessimistic about the company's prospects.

IBM is a bellwether stock for the technology sector, and its decline is likely to have a ripple effect on other tech stocks as well.

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