Tag: shares slump
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IBM warns AI boom is squeezing software budgets; shares slump in sector rout
July 14 : IBM said it had “faltered” in keeping pace with a shift in corporate spending toward data-center infrastructure from software and forecast second-quarter revenue below estimates, the clearest sign yet of AI’s growing toll on the sector.The warning triggered a 22 per cent slump in IBM’s shares and a
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Asia stock markets slide as tech shares slump
Trading on South Korea’s Kospi index was halted for the third time this week to prevent panic selling.
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Kioxia shares slump 12% as AI-related stocks fall
TOKYO, June 26 : Shares of Japanese chipmaker Kioxia slid 12 per cent on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-related shares.Kioxia, previously called Toshiba Memory and carved out of Toshiba in 2018, is a major producer o
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US energy shares slump as Iran deal lowers Hormuz supply disruption risk
June 15 : U.S. energy shares fell on Monday as crude prices dropped after Washington and Tehran agreed terms to end their months-long conflict and reopen the Strait of Hormuz, a vital oil transit chokepoint.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime m
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British device maker Halma’s shares slump on slower annual growth forecast
June 11 : British health and safety device maker Halma forecast organic constant-currency revenue growth for fiscal 2027 at a slower rate than the previous year, sending its shares down nearly 15 per cent on Thursday. Here are a few details: • The company expects to deliver low double-digit per
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Nintendo shares slump as games pipeline disappoints market
TOKYO, June 10 : Nintendo’s shares fell 7.5 per cent on Wednesday after the company’s Nintendo Direct presentation of forthcoming games lacked titles from top franchises such as “Super Mario”.The Kyoto-based company’s stock price has been hammered by concerns over a lack of high-profile games to build momentu
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