After shocking quarter, IBM insists that AI isn’t killing the mainframe
- IBM shares fell 25% after a big earnings miss, its worst-ever daily drop.
- Mainframe sales dropped 42% as AI-driven hardware costs diverted client budgets.
- IBM insists the slump is temporary and mainframe demand will return.
IBM reported disappointing quarterly earnings, with results falling well short of Wall Street's expectations and prompting the company's biggest ever single-day share price drop of 25%. Chief executive Arvind Krishna had already pre-warned investors of the poor showing, blaming a sharp slump in mainframe hardware sales, and the…





