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IBM's Quarterly Performance Misses Expectations, Stock Plummets; Executives Insist AI Won't Eliminate Mainframes

IBM's latest financial report shows revenue of $17.2 billion and net profit of $2.2 billion, but the performance fell far short of expectations. A decline in infrastructure business led to a record 25% drop in stock price in one day, and the full-year growth forecast has been downgraded. The main reason is a sharp 42% drop in mainframe sales, with rising costs squeezing budgets, and the contraction of core businesses triggering a chain reaction.

10.2k yesterday

Explosive Growth! National Development and Reform Commission predicts that AI phone and computer sales will exceed traditional products for the first time this year

The National Development and Reform Commission announced in Shanghai that the penetration rate of artificial intelligence in key domestic industries has strongly exceeded 80%. Smart terminals, represented by AI phones and AI computers, have seen explosive growth. After last year's shipment surpassed hundreds of millions of units, it is expected that this year's sales will surpass traditional non-AI products for the first time, with a thriving industry ecosystem.

12.6k yesterday

Explosive Growth! National Development and Reform Commission predicts that AI phone and computer sales will exceed traditional products for the first time this year

Miniso Q1 Revenue Shines, AI Investment Gains Become the Largest Variable in Profit

MINISO's Q1 FY2026 revenue reached 5.688 billion yuan, up 28.5% YoY, exceeding expectations, driven by same-store sales growth and domestic/international markets. However, divergence between core operating profit and non-operating income draws market attention.....

12.1k 2 days ago

Refuting the Rumors of Rapid Growth Decline! OpenAI Makes a Firm Statement: Multiple Business Lines Are Accelerating Full Speed Ahead

OpenAI issued a strong statement on April 28, refuting concerns about slowing sales growth and unmet internal targets. The company asserted that its consumer and enterprise product lines are operating at full capacity, dismissing rumors of growth bottlenecks. It also addressed reports of failing to meet internal goals, emphasizing robust operational performance.....

11.6k 3 days ago

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