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Hindustan Times News
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Shift in AI spending hits software industry, IBM stock price plummets 22%

WEB DESK TEAM By WEB DESK TEAM
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July 14, 2026
3 Min Read

Rapidly growing demand for artificial intelligence infrastructure is reducing software spending, IBM warned, according to preliminary second-quarter results, a sign that the AI ​​boom is starting to hurt software companies IBM warned that spending on…