IBM shares plunge 23% as customers shift spending to AI

Flat compared to 2 months ago. Chart looks like a pump-and-dump. 50% up and back. Is there any precedence in history for a swing like this over a two month period for the IBM stock?

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alephnerd 2 hours ago | parent [-]

The 50% increase was due in part to IBM's acquisition of Confluent under the assumption that it would help IBM derive additional business from the datalake segment.

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throwaway_20357 an hour ago | parent [-]

Wasn't that acquisition announced in December 2025 and closed in March 2026? Hard to imagine it created a sudden spike in the share price only in late May.

	▲	alephnerd an hour ago \| parent [-]
		It impacted IBM's projected sales pipeline for the quarter.

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johnbarron 4 hours ago | parent | prev | next [-]

https://archive.ph/SkHmS

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johnbarron 4 hours ago | parent | prev [-]

Cramer said to buy last week....

https://youtu.be/7IbG-Si9K_A

Mooooooonetiziiiiiing oooooon AAAAAAIIIIIII: https://www.youtube.com/shorts/TZfPJ6_l1iA