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IBM shares fell 23% in premarket trade after the company flagged preliminary second-quarter results that missed profit and revenue estimates. Management cited delayed deal closures, clients pulling forward hardware purchases ahead of price hikes, and cybersecurity headwinds as the key drags.
Jim Cramer called IBM a buy on air, describing it as 'terrific' at current prices. The endorsement directs retail investor attention to IBM, which has been repositioning around hybrid cloud and AI. Short-term volume movement is possible, though no fundamental catalyst was cited alongside the call.
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IBM shares fell 23% in premarket trade after the company flagged preliminary second-quarter results that missed profit and revenue estimates. Management cited delayed deal closures, clients pulling forward hardware purchases ahead of price hikes, and cybersecurity headwinds as the key drags.
1mo ago · 3 min · Markets
Jim Cramer called IBM a buy on air, describing it as 'terrific' at current prices. The endorsement directs retail investor attention to IBM, which has been repositioning around hybrid cloud and AI. Short-term volume movement is possible, though no fundamental catalyst was cited alongside the call.
4mo ago · 1 min · Markets
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