/International%20Business%20Machines%20Corp_%20logo%20on%20phone-by%20rafapress%20via%20Shutterstock.jpg?ssl=1 "Should You Buy the Dip in IBM Stock Today?")
By Wajeeh Khan
Publication Date: 2026-04-23 19:48:00
International Business Machines Corp_ logo on phone-by rafapress via Shutterstock
IBM (IBM) shares cratered on April 23 as investors read a sluggish 11% increase in the firm’s Q1 software revenue as evidence that AI disruption fears may not be particularly overblown after all. Despite a headline beat and reiterated full-year outlook, they treated IBM’s software weakness as unacceptable, especially because its management said, “Middle East developments didn’t impact us in Q1.”
The post-earnings decline saw IBM crumble below its 20-day and 50-day moving averages (MAs), indicating bears are beginning to seize control across multiple timeframes.
IBM stock has been a disappointment for investors amid AI disruption concerns in 2026, currently down some 24% versus its year-to-date high.
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