IBM's stock experienced a decline last week following reports of disappointing mainframe sales. In response, CEO [Name] stated that the rise of artificial intelligence has temporarily affected corporate hardware budgets.
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IBM Addresses Mainframe Sales Decline Amid AI Impact
IBM's stock fell due to warnings of weak mainframe sales. The CEO attributed this decline to the impact of artificial intelligence on corporate hardware budgets.
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After shocking quarter, IBM insists that AI isn’t killing the mainframe
IBM Addresses Mainframe Sales Decline Amid AI Impact