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IBM Shares Plunge Worst Day Ever Amid AI Struggles

7/17/2026

Summary

Story summary

IBM stock plunged on Tuesday, marking its worst single-day drop ever.
CEO Arvind Krishna told shareholders IBM has struggled to adapt to the AI-driven market.
Investor Michael Burry said the plunge may be an overreaction and that upcoming earnings will clarify the sector impact.
Burry suggested watching SAP, ServiceNow (July 29), Microsoft, Wipro (July 17), Infosys (July 23), and cybersecurity earnings—Checkpoint (July 29), Fortinet (early August), Palo Alto (mid August), CrowdStrike and Zscaler (late August).

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Story summary

IBM stock plunged on Tuesday, marking its worst single-day drop ever.
CEO Arvind Krishna told shareholders IBM has struggled to adapt to the AI-driven market.
Investor Michael Burry said the plunge may be an overreaction and that upcoming earnings will clarify the sector impact.
Burry suggested watching SAP, ServiceNow (July 29), Microsoft, Wipro (July 17), Infosys (July 23), and cybersecurity earnings—Checkpoint (July 29), Fortinet (early August), Palo Alto (mid August), CrowdStrike and Zscaler (late August).