The Tech Industry's Achilles' Heel: How IBM's Crash Reveals a Deeper Problem The tech industry is built on innovation and disruption, but its most powerful players are struggling to adapt to the changes they've created.
IBM's recent stock crash, which wiped out nearly $67 billion in market value, serves as a stark reminder that even giants can fall victim to their own success.
IBM's CEO, Arvind Krishna, admitted to investors that his company failed to anticipate the magnitude of customer spending shifts towards AI hardware.