IBM shares plunge 25% after CEO admits company fell behind | Fortune

IBM CEO admits the company failed to adapt quickly enough to market shifts, resulting in a 25% stock crash—the worst single-day decline in 115 years—as enterprises redirect capital expenditure away from mainframe and infrastructure upgrades toward AI platforms and other infrastructure.

This Wire brief sits within Fusion42's coverage of AI Infrastructure and Cloud Infrastructure. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.