IBM shares plunge 23% on profit warning

IBM's stock took a significant dive, dropping 23%, following a profit warning that attributed the decline to sluggish customer spending on its AI infrastructure. The tech giant's announcement signals that it won't meet market expectations, raising concerns in the tech sector about the overall demand for advanced AI solutions. This move highlights the pressure tech companies face as they navigate economic uncertainties and shifts in customer priorities. For investors and industry watchers, this underscores the volatility in high-growth sectors and the need for cautious optimism.