IBM's stock price plummeted by more than 25%, the largest one-day drop since 1987, and 1/4 of its market value was instantly wiped out
On the evening of the 14th, Beijing time, after the U.S. stock market opened, IBM's stock price plummeted by more than 25%, the largest single-day decline since 1987. The company's market value dropped to approximately US$200 billion, with 1/4 of its market value evaporated. On the same day, IBM announced preliminary sales for the second quarter that were lower than expected. The company attributed the lack of performance to customers shifting their spending to chips and servers.
On the evening of the 14th, Beijing time, after the U.S. stock market opened, IBM's stock price plummeted by more than 25%, the largest single-day decline since 1987. The company's market value dropped to approximately US$200 billion, with 1/4 of its market value evaporated. On the same day, IBM announced preliminary sales for the second quarter that were lower than expected. The company attributed the lack of performance to customers shifting their spending to chips and servers. (