IBM Stock Plunges 12% on February 24 Largest Drop Since 2020
IBM's stock experienced a significant decline, plummeting 12 percent on February 24, marking its largest drop since 2020. This unexpected downturn has raised concerns among investors about the company's long-term viability in the highly competitive tech and cloud services sectors.
The ramifications of this stock plunge are being closely monitored by analysts as they assess the broader implications for the tech industry. With IBM struggling to maintain its position amidst evolving market dynamics, the stakes are high for the company to demonstrate resilience in the face of increasing challenges.
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