IBM Shares Drop Amid AI Concerns

IBM's shares dropped a lot because the company didn't make as much money as people expected.

The CEO, Arvind Krishna, said that only a tiny part of IBM's software could be replaced by AI.

He thinks AI will actually help IBM grow, especially in the infrastructure part.

However, some software, like the one used by Starbucks, might be at risk.

IBM is also dealing with customers delaying big spending on servers and other equipment.

Despite the drop, Krishna is hopeful that many of the delayed deals will close soon.