Is IBM’s earnings miss just the beginning? Bernstein: A major industry budget reallocation is underway, with capital accelerating its exit from traditional IT.

According to Bernstein's latest Chief Information Officer (CIO) survey, IBM's underperformance is not an isolated incident but rather a reflection of a structural trend in which corporate IT budgets are accelerating their shift toward generative AI and cybersecurity. Thirty-three percent of CIOs plan to reduce mainframe capacity within five years, and 54% intend to cut spending on IBM—the worst figure recorded in the survey's history.

wallstreetcnJul 15 23:54

12 Industrials Stocks Moving In Monday's After-Market Session

GainersSU Group Holdings (NASDAQ:SUGP) stock moved upwards by 21.2% to $1.11 during Monday's after-market session. The company's market cap stands at $4.5 million. Tianci International (NASDAQ:CIIT)

BenzingaJun 23 05:05

12 Industrials Stocks Moving In Thursday's Pre-Market Session

GainersLinkers Industries (NASDAQ:LNKS) stock rose 82.5% to $2.92 during Thursday's pre-market session. The company's market cap stands at $2.5 million. Westport Fuel Systems (NASDAQ:WPRT) shares

BenzingaJun 18 20:06

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

GainersEshallgo (NASDAQ:EHGO) shares moved upwards by 189.4% to $3.82 during Wednesday's pre-market session. The market value of their outstanding shares is at $2.6 million. Euro Tech Holdings (

BenzingaJun 17 20:06

At a Glance: Stocks Gapping up Premarket

Seeking AlphaJun 17 19:18

Why La-Z-Boy Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

Shares of La-Z-Boy Inc (NYSE:LZB) rose sharply in pre-market trading after the company after the company reported better-than-expected fourth-quarter financial results and announced a $300 million

BenzingaJun 17 16:42