• IBM.TO is down 5.6% today following reports that Starbucks is developing in-house AI software to replace existing applications from vendors, including IBM.
  • This development intensifies investor concerns regarding IBM’s competitive position in the evolving AI landscape and the broader challenge from customers building proprietary solutions.
  • The stock's performance reflects broader market anxiety over its long-term growth trajectory amidst shifting technology trends and follows a volatile year-to-date performance.