FILE PHOTO: Figurines with computers and smartphones are seen in front of IBM logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -IBM shares fell more than 6% on Thursday, as reduced enterprise spending on non-GenAI projects pressured its consulting segment, clouding software unit strength.
If losses hold, its $214 billion market valuation could drop by over $13 billion.
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