IBM Suffered Its Biggest Single-Day Stock Plunge Since 1968
IBM suffered its biggest single-day stock plunge since 1968, wiping out nearly $70 billion in market value after reporting a weak second-quarter update.
📅 Date and Time
- Date: Wednesday, July 15, 2026.
- Time: The massive market sell-off triggered during early morning trading hours.
📊 Exact Data
- The Drop: IBM shares plunged 25.21% in a single trading session.
- The Cause: IBM CEO Arvind Krishna confirmed enterprise clients are aggressively freezing traditional software spending. Instead, they are pivoting all capital directly toward AI hardware, servers, and storage infrastructure.
- The Ripple Effect: The sudden crash sent shockwaves through global enterprise tech. Major tech stocks like Salesforce, Microsoft, and Accenture all traded lower, while Indian IT stock indexes immediately declined by nearly 2%.
