IBM's AI Spending Shock Sends Software Stocks Reeling
Techstrong Gang
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43m
IBM shares fell as much as 25% Tuesday — erasing ~$70B in market cap — after warning that AI infrastructure spending is crowding out enterprise software budgets. Today's Techstrong Gang panel (Alan Shimel, Mike Vizard, Jon Swartz, Mitch Ashley, Fred Wilmot, Drew Gutstein) covers the fallout for Microsoft, Salesforce, and SAP, Starbucks' move to build its own software in-house, a landmark EU ruling stripping Meta, Google, YouTube, and TikTok of algorithmic safe harbor, and FIFA's Connected Ball controversy ahead of the World Cup final.
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