Walter BloombergFinance

The biggest lesson of the AI era: never get comfortable. On June 2nd, IBM, $IBM, was up +13 % for the year and trading at its highest level…

The biggest lesson of the AI era: never get comfortable. On June 2nd, IBM, $IBM, was up +13 % for the year and trading at its highest level on record. Today, just 42 days later, $IBM fell -25 % posting its biggest daily decline since 1968. The stock is now down -35 % in 42 days erasing over -$100 billion in market cap. AI is rapidly transforming the global economy. Adapt or be left behind.
SHOW ON TELEGRAM

Tickers mentioned

More from Walter Bloomberg