15 July 2026Top Stories
IBM's stock is being punished for other people's AI hype
IBM built a genuinely defensible enterprise AI and hybrid cloud business, and the market is still marking it down alongside every other name caught in a broader tech selloff. That's the risk of a rally built on Nvidia and a handful of hyperscalers: when sentiment turns, correlation goes to one and fundamentals stop mattering for a session or two. Investors holding IBM for its Red Hat and consulting moat get repriced on someone else's earnings miss. Worth watching whether the bounce-back is as indiscriminate as the drop.
From US inflation cools to 3.5%. Pakistan's mine won't.