Jul 23, 2026 · 7:50 AM
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IBM's CEO says the mainframe isn't dying but the numbers are doing him no favors
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IBM's CEO says the mainframe isn't dying but the numbers are doing him no favors
IBM's worst single-day stock drop in decades followed a 42% collapse in Z mainframe sales. CEO Arvind Krishna says customers just temporarily redirected budgets toward AI-driven hardware purchases, but the full-year guidance cut tells a more cautious story.
Janet Harrison
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