IBM shares drop by more than 25% in early trading in New York, according to reports. The decline is large enough that the drop could exceed IBM’s previous worst one-day fall and would top the record 23% one-day decline reported for Black Monday in 1987, the outlets note. The selloff is described as occurring amid ongoing challenges for the company as the broader technology sector continues to focus on artificial intelligence. One report estimates the market value loss at around £50 billion, reflecting the scale of the share decline. The coverage presents the move as the steepest one-day drop in IBM’s stock history, or potentially beyond historical benchmarks if the decline persists through the full trading session. The reports do not provide further detail on the specific company events driving the move, focusing instead on the magnitude of the share-price fall and its comparison with major market declines in prior decades.
IBM shares fall over 25% in one day, wiping out about £50bn
IBM shares drop by more than 25% in early trading in New York, according to reports. The decline is large enough that the drop could exceed IBM’s previous worst one-day fall and would top the record 2...
- IBM shares fall more than 25% in early trading in New York.
- The decline is described as the worst-ever one-day fall for IBM, or potentially beyond historical benchmarks.
- The move is compared with Black Monday’s 23% one-day decline in 1987.
- Reports estimate the value wiped out is around £50 billion.
- The selloff is reported in the context of IBM’s performance amid the wider AI boom.
Shares fell more than 25% in early trading in New York - putting it on course to eclipse the previous record drop of 23% on Black Monday in 1987.
5 hours agoShares fell more than 25% in early trading in New York - putting it on course to eclipse the previous record drop of 23% on Black Monday in 1987.
5 hours ago
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