AI deepens US tech divide as IBM, ServiceNow spark software selloff, TI lifts chipmakers
- Apr 25
- 1 min read
REUTERS — International Business Machines said its revenue growth slowed in the first quarter, pressured by weakness in its software business, which includes its Red Hat cloud unit. Growth in the segment slowed 11.3%, sending the Big Blue's shares 7.5% lower.
ServiceNow also flagged a hit to its first-quarter subscription revenue growth, citing delays in Middle East deals due to the ongoing Iran conflict. Its shares tanked nearly 13%.
Read the full story | REUTERS
