IBM warned results would fall short due to weaker sales.
Main problems hit software and infrastructure business.
Stock plunged as much as 23% in premarket trading.
Market cap loss exceeded $60 billion at the lows.
Sharp reversal for the legacy tech giant.
🇺🇸 Tech giant IBM got hammered, with the stock crashing as much as 23% in premarket trading.
The drop came after IBM warned its latest results would fall short, blaming weaker sales in its software and infrastructure business.
At its lows, the slide wiped more than $60 billion… pic.twitter.com/D8ynAUFm4d
— Mario Nawfal (@MarioNawfal) July 14, 2026
BREAKING: IBM stock, $IBM, collapses nearly -20% after posting weaker than expected earnings due to “weakness in the software and infrastructure business.”
The stock just erased -$55 billion in market cap. pic.twitter.com/bpLZlhpFX6
— The Kobeissi Letter (@KobeissiLetter) July 14, 2026
$IBM crashes one day after Jim Cramer called it a buy.
Absolutely undefeated. https://t.co/wP4Lao6oSr pic.twitter.com/MYhx3hI3ha
— Noah (@antibearthesis) July 14, 2026