IBM plunges 25% in worst single-day drop since 1968, erasing $100B in market cap
IBM shares fell 25% on Wednesday, their steepest daily decline since 1968, erasing over $100 billion in market value. The drop comes just 42 days after the stock hit an all-time high.
Just 42 days after trading at a record high and posting a 13% year-to-date gain, IBM suffered a historic collapse. On Wednesday, shares of the tech giant plunged 25%, marking the largest single-day percentage decline since 1968.
The rout erased more than $100 billion in market capitalization, bringing the stock down 35% from its June peak. The dramatic reversal underscores the accelerating volatility driven by the AI revolution.
Investors are now grappling with the rapid pace of technological disruption. As the AI era reshapes the global economy, even established blue-chip companies face sudden and severe repricing.
Source: The Kobeissi Letter