{"id":1021216,"date":"2026-07-16T07:31:06","date_gmt":"2026-07-16T02:01:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1021216"},"modified":"2026-07-16T07:38:38","modified_gmt":"2026-07-16T02:08:38","slug":"ibm-warns-ai-boom-squeezing-software-budgets-shares-sink-in-sector-rout","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/16\/ibm-warns-ai-boom-squeezing-software-budgets-shares-sink-in-sector-rout\/","title":{"rendered":"IBM warns AI boom squeezing software budgets; shares sink in sector rout"},"content":{"rendered":"<p>IBM said it had &#8220;faltered&#8221; in keeping pace with a shift in corporate spending from software to data-center infrastructure and would take a big earnings hit in the second quarter, in the clearest sign yet of AI&#8217;s growing toll on the sector. <\/p>\n<p>IBM&#8217;s shares tanked 25% on Tuesday, putting the stock on track for an even steeper single-day decline than it suffered during the 1987 &#8220;Black Monday&#8221; crash. Other software stocks also fell.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IBM said it had &#8220;faltered&#8221; in keeping pace with a shift in corporate spending from software to data-center infrastructure and would take a big earnings hit in the second quarter, in the clearest sign yet of AI&#8217;s growing toll on the sector. IBM&#8217;s shares tanked 25% on Tuesday, putting the stock on track for an even steeper single-day decline than it suffered during the 1987 &#8220;Black Monday&#8221; crash. Other software stocks also fell.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1021216","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1021216"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021216\/revisions"}],"predecessor-version":[{"id":1021239,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021216\/revisions\/1021239"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1021216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1021216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1021216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}