IBM CEO Arvind Krishna addressed a significant stock price decline during a July 25, 2026, interview.
Krishna attributed the downturn to clients redirecting billions in spending toward AI infrastructure. This shift caused several of the company's large deals to be deferred.
IBM is now executing a pivot toward quantum computing to navigate the market shift. Krishna projects that quantum technology will generate a $1 trillion economic impact.
The company is also modifying its sales model to withstand inflationary pressures. Krishna aims to reassure investors regarding IBM's long-term direction following the recent slump.