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IBM's mainframe sales get mugged by AI hardware panic
CEO Krishna: Customers blew their Z budgets on servers and storage before prices spike, Q2 financials 'disappointing' IBM says customers spooked by soaring demand for AI infrastructure raided their mainframe budgets to stockpile servers…
Summary
CEO Krishna: Customers blew their Z budgets on servers and storage before prices spike, Q2 financials 'disappointing' IBM says customers spooked by soaring demand for AI infrastructure raided their mainframe budgets to stockpile servers, storage, and memory instead, knocking Big Blue's flagship Z business off course.
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