IBM Issues Q2 Warning as AI Spending Shift Hits Traditional Business
IBM cut its Q2 revenue and earnings forecast as AI spending shifts hurt traditional software and services. CEO admits slow adaptation to market changes.
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#Event-Driven Stocks↓
CleanSpark Secures Transformational $6.6B Lease (Up to $11.6B) with Major Tech Company
Expected to deliver ~$330M annual NOI as the company pivots strongly into AI data centers.
Rackspace Cuts 2026 Outlook and Announces $250M Raise to Accelerate AI Infrastructure Plans
BMO Capital calls Rackspace’s FY26 guidance cut a “meaningful reduction” but highlights improved visibility into its enterprise AI opportunity with AMD and Palantir.
First Hawaiian to Acquire TriCo Bancshares in $2.5 Billion All-Stock Deal
The merger creates a $34B Western U.S. banking franchise with expanded California presence. Closing expected by end-2026.
TSMC Q2 Results Signal Continued AI Strength as Revenue Jumps 36%
June sales set a new monthly record. Full earnings expected July 16.
Perfect Corp. to Go Private in $2.00-Per-Share Deal Led by Chairwoman Alice Chang
Transaction expected to close in Q4 2026.