this post was submitted on 19 Jul 2026
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AI hype seems to be cooling as tech stocks dramatically plunge (uk.finance.yahoo.com)
submitted 2 days ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] Blue_Morpho@lemmy.world 6 points 2 days ago* (last edited 2 days ago) (1 children)

The weird one with IBM is that their stock dropped after they announced they didn't jump on the AI hype train.

[–] wewbull@feddit.uk 4 points 2 days ago (1 children)

I'd heard it was more that they said the AI business had taken the oxygen out of the room for them. Software was getting ignored. I think everyone knew IBM wasn't an AI player, but them saying AI had a knock on effect for them scared some.

It's since recovered, but it was one hell of a reaction.

[–] phutatorius@lemmy.zip 1 points 4 hours ago

I think everyone knew IBM wasn’t an AI player,

They're not a software player anymore either.