🔴 IBM.TO is trading 3.8% down today following IBM’s historic revenue miss and broader tech sector weakness

IBM.TO is trading at CA$31.30 (-3.75%) following IBM’s historic Q2 revenue miss and a broader sector-wide risk-off tone.

• Investors are digesting a shift in enterprise spending toward AI hardware, servers, and storage, which has triggered a sharp repricing.
• The decline aligns with general weakness across the technology and semiconductor sectors as the Nasdaq faces downward pressure.