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• IBM (NYSE:IBM) reported its worst single-day share price move in company history, with the stock falling 25% after preliminary second-quarter 2026 figures were released.

• The company cited an industry-wide shift in enterprise tech budgets away from software and mainframe projects toward supply-constrained AI hardware such as servers, storage, and memory.

• The update pointed to stalled large deals and rising cybersecurity concerns, which have contributed to sector-wide volatility and regulatory attention.

• Investor lawsuits, analyst downgrades, and questions about previous guidance have…