IBM’s CEO acknowledges that the company “did not adapt and move quickly enough,” as IBM shares experience a steep decline of roughly 25%, described by multiple outlets as a historic drop. The reporting frames the move as tied to investor concerns about IBM’s ability to compete in the AI era, including the pace at which IBM responds to market shifts and demand. One source cites analysis from Constellation Research’s Holger Mueller, who says IBM’s data reflects an “AI pull” affecting the company’s positioning. Taken together, the articles describe the CEO’s admission as an attempt to address underlying concerns about strategy and execution, while the stock selloff underscores how investors react to perceived weakness. The coverage emphasizes that the admission does not prevent the large market downturn and that the decline reflects broader worries about IBM’s competitive trajectory rather than only near-term results. No single outlet provides details beyond the CEO’s admission and the analyst view connecting investor behavior and AI-related competition.