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IBM shares plunge 25% after weak preliminary quarterly results. The company blames shifting customer spending, falling infrastructure revenue and cybersecurity concerns, while Red Hat grows 11%, server and storage sales surge 37%, and IBM announces a $5 billion initiative.
4 HOURS AGO
IBM says it will spend more than $10 billion over the next five years on quantum computing -- a cutting-edge technology with the potential to make today's most powerful computers look slow and limited.
May 28, 2026
