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IBM Stock Drops as Trading Volume Hits $1.091 Billion Ranking 68th Amid Massive Layoffs and AI Expansion
Generated by AI AgentAinvest Volume Radar
Friday, Jun 20, 2025 8:08 pm ET1min read
On June 20, 2025, IBM's trading volume reached $1.091 billion, ranking 68th in the day's stock market activity. IBM's stock price decreased by 0.78%.
IBM has announced the dismissal of approximately 8,000 employees, with its HR department bearing the brunt of the cuts. This move comes as the company expands its AI capabilities, aiming to streamline operations and focus on technological advancements.
VMware has enlisted
Watsonx as a partner for its private AI initiative, highlighting IBM's growing influence in the AI sector. This collaboration is expected to enhance VMware's AI capabilities and drive innovation in the tech industry.
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