16-July-2026
Corporate News
 
Worse fall than 1987, $69 billion wipeout as IBM 'falters': Why stock price crashed 25% - analysts call it 'ugly moment'
15-Jul-2026

A $69 billion wipeout and worst fall in nearly 40 years - IBM's share price on Tuesday crashed 26% in trade in a sign of how the technology sector is rebalancing with the growth of artificial intelligence. Shares of IBM plunged 25% on Tuesday, with the company seeing a steeper one-day decline than it experienced during the 1987 "Black Monday" market crash. The weakness also spread to other software stocks.

News Source:- https://timesofindia.indiatimes.com/business/international-business/worst-fall-since-1987-69-billion-wipeout-as-ibm-falters-why-stock-price-crashed-25-analysts-call-it-ugly-moment/articleshow/132404463.cms