🔴 International Business Machines is trading 3.4% down today as Starbucks shifts to in-house AI tools

International Business Machines is trading 3.4% down at $280.50 in pre-market after Starbucks disclosed plans to develop AI-powered tools to replace an IBM maintenance management system.

• The transition is part of a $2 billion cost-cutting initiative by Starbucks aimed at optimizing operations through internal technology development.
• Investors are also showing caution ahead of the International Business Machines Q2 earnings report on July 22, 2026, with consensus estimates at $3.02 EPS and ~$17.9 billion in revenue.