Traders have been staring at their hands for weeks now, and stocks have been drifting lower since hitting historic highs.
"You have major underlying profit contraction," Kulbinder Garcha, managing director at Credit Suisse, told CNBC.
Toni Sacconaghi, Sanford C. Bernstein senior research analyst, weighs in on IBM's first-quarter earnings.
The "Fast Money Halftime Report" traders and Kari Firestone, Aureus Asset Management CEO, weigh in on IBM's first-quarter earnings.
Kulbinder Garcha, Credit Suisse managing director & IT hardware analyst, discusses IBM quarterly earnings.
Berkshire Hathaway is the largest IBM stakeholder, with 81.2 million shares worth about 8.6 percent of total shares outstanding.
A weak showing by IBM also weighed on technology stocks Wednesday and tugged the Dow Jones industrial average lower. IBM slumped 4.9 percent after reporting revenue that fell short of analysts' estimates. Among energy companies, Marathon Oil dropped 4.3 percent and Newfield Exploration sank 3.5 percent.
"There's a great vertical play, and that's IBM," James Wang tells CNBC.
The "Squawk on the Street" crew talk about Big Blue's mixed quarterly results as sales decline for the 20th consecutive quarter despite gains in cloud service and Watson AI operations.
Some of the names on the move ahead of the open.
James Wang, Ark Invest analyst breaks down Big Blue's quarterly results, and explains why he looking closely into IBM's artificial intelligence play.
Investors are selling big dividend payers as bond yields rise, and a sharp drop in IBM sent the Dow Jones industrial average down. The Dow lost 114 points, or 0.6 percent, to 20,409. Half of the blue-chip index's losses came from IBM. The Russell 2000 index of small-company stocks added 7 points, or 0.5 percent, to 1,368 after a late gain a day earlier.
The legacy enterprise technology company, founded over 100 years ago, has reorganized around "strategic imperatives."
CNBC's Deidre Bosa reports on the after-hours action for IBM following Q1 earnings. The "Fast Money" traders weigh in.
IBM will grow again, IBM CFO Martin Schroeter told CNBC's "Closing Bell" on Tuesday.
IBM CFO Martin Schroeter weighs in on President Trump's H-1B Visa changes.
IBM CFO Martin Schroeter discusses the company's earnings and 20 straight quarters of year-over-year revenue declines.
ARMONK, N.Y. _ International Business Machines Corp. on Tuesday reported first-quarter profit of $1.75 billion. IBM expects full-year earnings to be $13.80 per share. IBM shares have risen slightly more than 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 5 percent.
Earnings are out for IBM. CNBC's Deirdre Bosa reports.
NEW YORK— President Donald Trump is expected to target a visa program cherished by tech companies for bringing in programmers and other specialized workers from other countries. The Associated Press and other news organizations are reporting that Trump plans to sign an order Tuesday that will direct the departments of Homeland Security, Justice, Labor and...