🔴 IBM.TO is trading 3% down today after IBM’s shock Q2 earnings preannouncement

IBM.TO is trading 3% down today as it tracks a significant decline in IBM shares following a disappointing Q2 earnings preannouncement.

• IBM reported preliminary sales and earnings far below analyst expectations, citing a sharp shift in client spending toward AI-related hardware, servers, and memory.
• The move follows a more than 25% plunge in IBM’s primary shares earlier this week, with the IBM.TO ETF now reflecting that downward momentum as investors reassess the company's growth and infrastructure outlook.