IBM shares down 23% as clients spend more on hardware and memory chips

rvz 21 points 9 comments July 14, 2026
www.cnbc.com · View on Hacker News

Discussion Highlights (4 comments)

johnbarron

Current title too kind to IBM...real title is: "IBM stock craters 23% after issuing second-quarter earnings warning"

kstrauser

I wonder how true that is, vs customers using AI to port projects off big iron, or to many work that they’d previously outsourced to Big Blue. I suspect it’s only going to get easier to migrate to cheap servers running modern languages, which can’t be great news for companies that highly depend on lock-in.

rwmj

Press release: https://newsroom.ibm.com/2026-07-14-Arvind-Krishnas-Letter-t...

ChrisArchitect

Some later discussion: https://news.ycombinator.com/item?id=48907665

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