The IBM Crash: A Market Reckoning or Just a Bump in the Road? The market responded to IBM's Q2 sales miss with one of the most dramatic single day drops in history.
On July 14, IBM's stock price plummeted by nearly $73, or 25%, leaving investors scrambling to make sense of the damage.
IBM's traditional products have been struggling to gain traction due to enterprise customers' increasing wariness of long term contracts with legacy vendors.