US stock market: IBM share crashes 25%, Infosys 7.2%, Cognizant, Accenture also slide – Why AI spending is hammering IT stocks – Markets

US stock market: IBM share crashes 25%, Infosys 7.2%, Cognizant, Accenture also slide - Why AI spending is hammering IT stocks - Markets


According to IBM Chief Executive Officer Arvind Krishna, customers are delaying spending on software and consulting projects as they redirect capital toward AI infrastructure, including servers, storage systems and memory needed to support artificial intelligence workloads.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *