IBM stock slides nearly 5% after tariff-fueled selloff; AI push and earnings set the next test
IBM shares fell 4.8% to $291.35 Tuesday, dragging the Dow about 150 points lower. The drop followed IBM’s rollout of new “agentic AI” services and partnerships, and came as investors reacted to renewed tariff threats from President Trump. Evercore ISI raised its IBM price target to $330 ahead of the Jan. 28 earnings report. Accenture shares also slid 4.7% in the broader tech selloff.