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BIZARRE: Arvind krishna - You Need To See This

Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companies

Adobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executives now run companies spanning technology, banking, luxury, pharmaceuticals and manufacturing. Here are the leaders occupying some of the biggest corner offices in global business.

The Economic Times

Another Indian to head Adobe: Are they better at running Big Tech?

The question is no longer why a few Indians have made it to the top. It is why so many of them appear particularly well suited to running some of America's largest and most complicated technology companies.

The Economic Times

From IIT Varanasi to Silicon Valley peak: Who is Adobe's newly appointed CEO Anil Chakravarthy?

Adobe has appointed Anil Chakravarthy as its new CEO, succeeding Shantanu Narayen, who will become executive chair after more than 18 years at the helm. Chakravarthy will take over on December 1.

The Economic Times

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'It’s disrespectful': IBM CEO Arvind Krishna and JPMorgan’s Jamie Dimon disagree on phones in meetings, one calls it context, the other calls it disrespect

IBM's Arvind Krishna classifies device usage according to meeting scale, seeing large groups as platforms for information sharing rather than discussions. In juxtaposition, JPMorgan's Jamie Dimon demands complete focus from employees during all meetings, deeming gadget use as disrespectful and unproductive. This clash of ideologies underscores a larger conversation around…

The Economic Times

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

Jamie Dimon calls checking your email during a meeting disrespectful—but IBM’s CEO says he doesn’t care, depending on the number of people in the room.

Fortune

The AI Boom Has a Dark Side. Why Cybersecurity Stocks Might Be the Best Way to Play It.

As AI adoption accelerates and cyber threats intensify, cybersecurity stocks could emerge as one of the biggest beneficiaries of the darker side of the AI boom.

Barchart

Why IBM Stock Looks Like a Very Promising Long-Term Pick

The tech giant has multiple, highly promising initiatives and a winning CEO.

Barchart

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IBM's Q2 Deal Slippage Is a 'Temporary Speed Bump,' Says Michael Lee as CEO Arvind Krishna Says Delayed Deals Are Closing

While International Business Machines Corp. (NYSE:IBM) reported a second-quarter revenue shortfall due to delayed software agreements, market experts and company executives remain optimistic about the long-term outlook.

Benzinga

IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

IBM reduced its annual revenue growth forecast on Wednesday. The company also missed profit and revenue expectations for the second quarter. This shift occurred as corporate spending moved towards AI data-center gear. IBM's Z mainframe revenue slumped significantly, impacting overall infrastructure performance. Executives reassured shareholders about long-term mainframe demand despite…

The Economic Times

What IBM’s Weak Report Reveals About the Market

IBM’s weak preliminary report isn’t a sign of AI slowing but a leading indicator of the second wave of AI. Traditional enterprises are shifting budgets from software to hardware, proving that AI adoption has spread from Big Tech to the wider economy.

Barchart

IBM shares plunge 25% after CEO admits company fell behind

The impact on IBM is double,” Constellation Research’s Holger Mueller told Fortune, saying that IBM’s data really “shows the AI pull.

Fortune

IBM Stock Suffers Worst Day in Decades, Wiping Out Billions. Buy the Dip but Don’t Call It a Bargain.

IBM's weak preliminary Q2 results erased $55 billion in market value. But Wall Street remains divided on whether Big Blue can stage a comeback.

Barchart

IBM Just Lost $68B in a Day: What Triggered Its Worst Stock Crash Since 1968

The reasons behind IBM's 25% stock plunge, the impact on UK savers, and how AI hardware shifts are reshaping market value. Learn which bank downgraded IBM and what it means for your investments.

International Business Times UK

'We faltered, did not move quickly:' How IBM CEO Arvind Krishna's statement led to $70 billion wipeout

IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in market value. The selloff was triggered by weaker-than-expected preliminary Q2 results and concerns that customers are shifting spending from IBM's traditional businesses to AI infrastructure.

The Economic Times

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International Business Times UK

IBM Stock Crash Wipes Out $65 Billion in a Day, Worst Since 1987 as AI Rewires Tech Spending

IBM shares crashed 25% on Tuesday, erasing over $65 billion in the stock's worst day on record, as customers shifted spending from software to AI servers and memory chips.

The Economic Times

TCS, Infosys, Wipro & other IT stocks fall more than 2%. Here's why

Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up…

International Business Times UK

HSBC Cuts IBM Rating to Reduce Amid 22% Stock Plunge, Warning Investors of Further Downside Ahead

HSBC downgrades IBM following a 22% stock plunge due to missed Q2 earnings. The selloff impacts the tech sector, highlighting IBM's structural vulnerabilities and market ripple effects.

The Economic Times

Why IBM shares crashed 26%: CEO Arvind Krishna highlights customer spending shifts towards AI

IBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized AI infrastructure, securing supply-constrained hardware in June. He also atrributed the shortfall to execution lapses and a mainframe business setback.

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The Economic Times

IBM warns AI boom is squeezing software budgets, triggers sector rout

Software investors have long been on edge over fears that AI tools capable of automating routine work could pose an existential threat to the industry. Tuesday's announcement showed that even the boom in spending on servers, chips and networking gear for AI was eating into software budgets.

The Economic Times

IBM stock tumbles 25% as preliminary quarterly results fall below expectations

IBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit and revenue estimates. Management attributed the shortfall to delayed deal closures and shifting client spending toward hardware ahead of price hikes, while cybersecurity concerns further weighed on performance during the quarter.

International Business Times

IBM's Second-Quarter Results Fell Short Of Expectations. Its Shares Are Plummeting

International Business Machines' shares plummeted on Tuesday after the company's preliminary second-quarter results fell short of expectations.

Benzinga

IBM Spooks Investors With Sub-Optimal Outlook

International Business Machines Corp. (NYSE:IBM) on Tuesday released preliminary second-quarter results that fell short of its expectations, citing weaker-than-anticipated mainframe-related sales as customers shifted spending toward supply-constrained servers, storage, and memory infrastructure.

The Economic Times

Kunal Shah's WhatsApp appointment underscores India's expanding Big Tech footprint

Kunal Shah, CRED founder, is set to lead WhatsApp globally, joining a distinguished line of Indian-origin tech leaders. This appointment highlights the increasing influence of Indian talent in steering major global technology firms. Recent moves include Asha Sharma at Microsoft Gaming and Rahul Patil at Anthropic, building on the legacies…

The Economic Times

'We will talk in 5 years': Sridhar Vembu reacts to IBM CEO Arvind Krishna's statement on 'multi-trillion dollar AI data center bubble'

Zoho founder Sridhar Vembu dismisses the massive AI data center buildout as a potential bubble, contrasting IBM CEO Arvind Krishna's concerns with his company's focus on core AI capabilities like data curation and compiler infrastructure. Vembu stated Zoho won't chase the "investment frenzy," emphasizing prudence over speculative spending. This stance…

International Business Times UK

IBM CEO Arvind Krishna Says AI Is Not A Bubble — But Warns Of Trillions In Overinvestment

IBM CEO Arvind Krishna discusses the financial implications of AI investments, cautioning that while AI is booming, returns may take years, with only a few companies likely to succeed.

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