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IBM shares plunge 23% on profit warning
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NEWSDECK ANALYSIS
The IT sector has been a significant driver of economic growth in recent years, with many companies investing heavily in digital transformation and technology upgrades. However, the growing demand for artificial intelligence solutions may be starting to impact the sales of other IT products and services, potentially disrupting the sector's traditional business models. This shift in spending patterns could have far-reaching implications for companies like IBM and the wider tech industry.
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FT UK
IBM share plunge is a warning to the IT sector
AI demand is starting to crowd out other forms of sector spending
15 Jul, 07:57
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