Why IBM Stock Is Sinking Today
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IBM's stock fell 7.5% despite a strong Q1 report, beating earnings expectations with $1.60 EPS on $14.54 billion revenue. The decline is attributed to lower-than-expected consulting segment sales, which fell 2%, and infrastructure revenue down 6%. While the software segment, boosted by Red Hat, saw a 7% increase, concerns about AI-related consulting growth persist. IBM targets Q2 sales of $16.4-$16.75 billion and maintains a 5% annual growth forecast, but current consulting softness raises questions about future performance.
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