IBM shares down 23% as clients spend more on hardware and memory chips

rwmj 2 hours ago |

Press release: https://newsroom.ibm.com/2026-07-14-Arvind-Krishnas-Letter-t...

kstrauser 2 hours ago |

I wonder how true that is, vs customers using AI to port projects off big iron, or to many work that they’d previously outsourced to Big Blue. I suspect it’s only going to get easier to migrate to cheap servers running modern languages, which can’t be great news for companies that highly depend on lock-in.

rwmj 1 hour ago | |

This is such a nonsense take. You have no idea how the companies that use mainframes actually operate. There's no world in which they will vibecode a solution.

GenerWork 48 minutes ago | | |

>There's no world in which they will vibecode a solution.

It's not like the Bank of Americas of the world are going to get an Anthropic or OpenAI API key, and then use the prompt "move this off of COBOL please". They'll either hire a contractor who'll work out how to best utilize AI to migrate the existing codebase off of mainframes, or spin up an internal team to do the same thing.

rwmj 38 minutes ago | | |

You've still no idea. Who is going to certify it? No auditor will certify vibe coded slop. Who will provide the indemnity for it? No insurer will touch it. It doesn't even save significant money. The cost of writing the code is a tiny fraction of the total cost of ownership.

johnbarron 2 hours ago |

Current title too kind to IBM...real title is: "IBM stock craters 23% after issuing second-quarter earnings warning"