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المشهد العربي
IBM stock hits largest daily decline
IBM's stock recorded its largest daily loss in its history, dropping by 25.21% after releasing weak financial results and forecasts indicating a decline in customer spending on software for AI infrastructure. The company reported revenues of $17.2 billion in the second quarter, below the expected $17.8 billion, due to rerouting budgets towards purchasing technology hardware instead of company software products. This comes alongside a decline in the technology market's performance and a drop in investor confidence.
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