IBM Crashes 25% on Revenue Miss; Banks Surge

IBM plunges 25% in worst day ever; DH Unplugged 810 covers bank earnings, oil surge, AI film, and Apple-OpenAI lawsuit with John C. Dvorak and Andrew Horowitz.

TLDR

  • IBM's plunge signals AI spending shift; invest in AI suppliers like SK Hynix, Amazon, and Micron for advantage.
  • IBM missed revenue by $700M as customers redirected spend to AI hardware, triggering a 25% stock drop.
  • AI-generated film 'Odysseus: The Fall' democratizes filmmaking, proving big stories can be told on small budgets.
  • SpaceX's dramatic retracement and a cyclosporiasis outbreak across 30 states added to a wild market week.
Burstable Editorial Team

Burstable Editorial Team

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