The artificial intelligence (AI) boom is reshaping corporate technology spending in unexpected ways. On Tuesday, July 14, International Business Machines Corporation (IBM) announced its preliminary Q2 FY2026 adjusted earnings of $2.93 per share on $17.2 billion in revenue, missing Wall Street estimates and sending its shares sharply lower.
The company revealed that the AI-driven memory shortage prompted enterprise customers to redirect a larger share of their technology budgets toward infrastructure, while higher cybersecurity spending weighed on its own results. These changing priorities contributed to IBM's weaker-than-expected performance.
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The company revealed that the AI-driven memory shortage prompted enterprise customers to redirect a larger share of their technology budgets toward infrastructure, while higher cybersecurity spending weighed on its own results. These changing priorities contributed to IBM's weaker-than-expected performance.
This High-Yield Bank Stock Just Raised Its Dividend by 17.6%.
Apple Acquired a New Data Observation Startup Called SigScalr. What That Means for AAPL Stock Moving Forward.
3 Market-Beating Dividend Kings for Generations of Income
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