IBM Stock Craters 23% After Issuing Second Quarter Earnings Warning The recent 23% drop in IBM's stock price is not just a blip on the radar, but rather a warning sign that the tech industry is facing a major reckoning.
The company's dismal second quarter earnings report fell short of expectations, leaving investors scrambling to make sense of the numbers.
At first glance, it may seem like IBM's struggles are isolated to its own internal issues.