IBM issued a rare mid-quarter warning that triggered its sharpest single-day stock decline in 115 years on Tuesday, with CEO Arvind Krishna citing an AI-driven global memory shortage shifting enterprise budgets from software to hardware. The change could unsettle vendors beyond IBM as corporate spending prioritizes supply-constrained components.
The decline marked the company's steepest one-day fall since its founding.
The spending redirection could unsettle multiple enterprise vendors reliant on software and mainframe revenue.
Tap a lens to see what this story means for you.
Reader-supported · The Brief
Liked this? The Brief brings you the whole day in tech, verified, every morning. Two minutes, free forever.
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
NVIDIA has partnered with SB Energy to secure an initial 4.25 IT-GW of AI capacity at the PORTS-Pike campus in Ohio, with OpenAI as the customer for the full 8 IT-GW site under a 20-year lease. The agreement features a $1.5B NVIDIA investment in SB Energy, credit support for the buildout, creation of tens of thousands of jobs and an $80M community benefits fund.
The fifth beta of iOS 27 arrived this week alongside an alleged iPhone 18 Pro Max battery leak showing 5,391 mAh capacity, screen protector images confirming asymmetric corners on the foldable iPhone Ultra, and Mark Gurman's report on radical Apple Watch redesigns that may include round faces and screenless trackers.
ShinyHunters obtained and later leaked personal data belonging to 1.6 million RingCentral accounts after a July breach. The incident touched only a limited portion of the cloud communications provider’s customers and left core services untouched.
