IBM's Stock Got a Big, Blue Bruise Today
IBM(IBM) The Motley Fool·2024-04-25 18:00Why did IBM's stock plunge despite robust earnings? "Good enough" isn't always good enough on Wall Street.Shares of IBM (IBM -7.82%) took a hard hit on Thursday, following the release of first-quarter results and the announcement of a $6.4 billion acquisition in the cloud computing space. The results were solid enough, but IBM investors wanted a stronger artificial intelligence (AI) push. As a result, IBM shares traded 9.6% lower at noon ET.IBM's busy dayLet's start with the earnings report. First-quarter s ...