IBM said it had “faltered” in responding to a sharp shift in corporate technology. (AP photo)

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.IBM lost about $69 billion from its market capitalisation of $272.78 billion. Shares of Microsoft, ServiceNow, Salesforce, and Intuit also declined between 2% and 5%.IBM’s business spans mainframe computers, enterprise software and…