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After shocking quarter, IBM insists that AI isn’t killing the mainframe

TechCrunchEditor
July 23, 2026 | 11:18 AM1 min read
Originally published on TechCrunch
After shocking quarter, IBM insists that AI isn’t killing the mainframe

After IBM's stock crashed last week on warnings of poor mainframe sales, the CEO explained that AI wrecked corporate hardware budget, temporarily.

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