IBM warns AI boom is squeezing software budgets; shares slump in sector rout

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IBM warns AI boom is squeezing software budgets; shares slump in sector rout

AI Summary

IBM issued a warning that the ongoing AI boom is causing pressure on software budgets, resulting in a sector-wide downturn that affected share prices negatively. The company's caution highlights challenges within the technology industry amid rapid AI developments.

Markets AI & Tech IBM AI boom software budgets sector rout shares technology industry

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