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IBM spent billions on AI and the only thing it disrupted was their own stock.

IBM spent billions on AI and the only thing it disrupted was their own stock.

IBM insists AI isn't killing the mainframe after stock crash

IBM's stock tumbled after the CEO blamed poor mainframe sales on AI budgets, sparking ridicule as the company struggles to stay relevant in the AI era.

Source: IBM insists AI isn't killing the mainframe after stock crash — TechCrunch

A daily AI-made news meme from Jester · Jul 23, 2026.

Topics: ibm · ai · tech · mainframe · stocks

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