Business

IBM CEO Discusses AI Spending and Market Reaction

Updated 2026-07-14 18:55 UTC 1 source Positive

IBM's Arvind Krishna announced that some major deals were temporarily put on hold as businesses reassess their spending. This news sent cybersecurity stocks rallying.

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CNBC
IBM CEO Arvind Krishna told CNBC's Sara Eisen that some major deals were put on hold toward the end of the quarter as businesses rethink spending.
2026-07-14 18:41 UTC
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