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IBM shares fall most in 58 years after CEO's AI remark
in5points
IBM's stock experienced its largest single-day drop in 58 years.
CEO Arvind Krishna acknowledged the company faltered on AI execution.
IBM reported Q2 revenue of $17.2 billion, up just 1% year-over-year.
The decline reflects market disappointment over IBM's AI strategy.
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Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani