IBM Stock Plummets 6.58% Despite Record $35.23 Billion Trading Volume Ranking 14th in Market

On April 24, 2025, IBM's trading volume reached $35.23 billion, marking an 81.54% increase from the previous day, placing it 14th in the day's stock market rankings. IBM's stock price fell by 6.58%.

IBM, a leading software and consulting firm, announced that 15 of its government contracts had been suspended due to cost-cutting measures implemented by the Trump administration. This development has significantly impacted the company's consulting business, contributing to the decline in its stock price.

Despite reporting a strong first-quarter earnings beat and a robust forecast, IBM's stock price continued to fall. The company acknowledged that the suspension of federal contracts has had a notable impact on its financial performance, further exacerbating the uncertainty in the market.