US stocks aren’t fun— even blue-chip “white horse” stocks can fall hard, and it’s scary. On the night of the 14th Beijing time, after US stocks opened, IBM’s share price once plunged by more than 25%, marking the largest single-day drop since 1987. The company’s market value fell to about $200 billion, with a quarter of its market value wiped out.


That day, IBM announced that its preliminary second-quarter sales were below expectations. The company blamed its underperformance on customers shifting spending to chips and servers. $IBM
{future}(IBMUSDT)
IBM-25.23%
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