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IBM stock has worst day on record, after issuing second-quarter earnings warning

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IBM stock has worst day on record, after issuing second-quarter earnings warning

IBM stock tanked on Tuesday after releasing preliminary second-quarter results that fell short of expectations. CEO Arvind Krishna blamed the shortfall on weakness in the software and infrastructure business, as clients shifted spending toward hardware purchases such as memory chips.

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No matter how bad your day was, IBM's was worse.

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