IBM shares set to drop 23% as customer spending shifts to AI

IBM CEO Arvind Krishna stated that large deals are slipping as customers redirect their spending toward chips, servers, and memory. This could lead to a 23% decline in the company's shares. The shift in customer spending is linked to rising demand for artificial intelligence technologies. This expected decline in IBM's revenues is seen as a reflection of the transformation in the technology sector. Investors are closely monitoring the company's speed in adapting to AI-focused strategies. This is not investment advice.

📊 IBM — Piyasa Yorumu

▼ down · 70%

The news headline indicates that IBM's pivot towards artificial intelligence investments is causing a shift in customer spending, with shares expected to decline by 23%. Technical indicators also support this bearish outlook: the RSI has fallen below the neutral zone to 42.27, the MACD is below the signal line and negative, and the price is trading below both the 20-day and 50-day moving averages. The 3.87% drop in the last 24 hours suggests increasing selling pressure. The short-term downtrend is likely to continue.

RSI 14

42.3

MACD

-1.73

24h Δ

-3.87%

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