IBM is on pace for its worst day ever

rwmj

The press release: https://newsroom.ibm.com/2026-07-14-Arvind-Krishnas-Letter-t... With the caveat that I work for IBM but have no inside knowledge about anything important, it doesn't seem very bad to me? Overall profit is going to be down a tiny amount below expectations.

ferminaut

This was great timing for IBM employees with RSU's. Many folks had RSUs which literally unlocked this morning.

georgemcbay

> IBM Stock has worst day (so far)

a_sewer_rat

Worst day, so far* ;-)

MangoCoffee

its ironic that IBM sold off its x86 pc/server to Lenovo and kept their big iron (mainframe) but now everyone is buying up pc/server due to AI boom. Dell's stock have been surging with the rest of AI stocks

ChrisArchitect

Not sure what the title was when submitting, but current title is: IBM is on pace for its worst day ever

ChrisArchitect

All over the place in Big Blue land: Jan 28: IBM Mainframe Business Jumps 67% https://news.ycombinator.com/item?id=46802376 Feb 13: IBM tripling entry-level jobs after finding the limits of AI adoption https://news.ycombinator.com/item?id=47009327 Feb 23: IBM Plunges After Anthropic's Latest Update Takes on COBOL https://news.ycombinator.com/item?id=47128907 Apr 30: Granite 4.1: IBM's 8B Model Matching 32B MoE https://news.ycombinator.com/item?id=47960507 Jun 25: IBM debuts sub-1 nanometer chip technology https://news.ycombinator.com/item?id=48674967

andrewstuart

And then bounces back. Go buy it right now, profit tomorrow.

Glandalf

What does IBM even do? Something with India, and servicing legacy no-bid government pork contracts, as far as I can tell. That appears to be the focus and has been for a long time.

dzonga

IBM could've been Palantir x100. they've the people, tech - only thing stopping them is myopic leadership.

thegrim33

Don't forget when it comes to things like this - if in this case IBM ever had an astoundingly good day, CNN would never write an article about it, and you'd never see it on HN. They choose the picture of reality to install in the reader's minds by selectively choosing what news to report on vs. what to ignore.

TacticalCoder

People will argue that it's not dead yet but they're barely top 100 in the world, when they used to be... Number one. Ouch. Now, people are going to argue again but IBM, in its dying breath in 2000, did something really amazing: they committed one billion dollar to finance the development of that little known thing in the world called... Linux. Maybe Linux would have been immensely successful even without that one billion dollar investment from IBM but I cannot help but see that move in 2000 as the ultimate revenge move against Microsoft. IBM knew it was falling into irrelevancy, Microsoft had 95%+ browsers market share and the future looked grim. Apple was in bad shape, smartphones didn't exist yet. It looked like Microsoft would conquer everything else. Turns out: Microsoft (sadly) mostly kept the desktop but, thankfully, it's Linux that conquered just about everything (and OS X / MacOS / iOS quite a bit too). So big thanks to IBM for that move. You can think what you want but to me this what a move to prevent Microsoft from owning the entire software world.