Image: Fox BusinessIBM sends 'shockwave' through tech industry with AI warning
• IBM reported second-quarter earnings on Tuesday that failed to meet analyst expectations for both profit and revenue. • The company attributed the financial shortfall to a shift in client behavior, specifically an increase in spending on hardware. • This performance sends a "shockwave" through the tech industry as it highlights the volatile spending patterns of corporate clients during the AI transition.
foxbusiness.com

