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Why Is IBM Stock Down Today? Software Growth Slowdown and AI Disruption Fears Spark 8.3% Slide
International Business Machines (IBM) shares tumbled on April 23, 2026, closing down 8.25% at $231.08. Despite a solid beat-and-raise narrative on the surface, the company’s first-quarter earnings were overshadowed by a significant deceleration in its high-margin software segment.