Burry Flags July 17 Earnings Test After IBM's Record 1-Day Stock Plunge
Updated
Updated · Business Insider · Jul 15
Burry Flags July 17 Earnings Test After IBM's Record 1-Day Stock Plunge
3 articles · Updated · Business Insider · Jul 15
Summary
Michael Burry said upcoming software and cybersecurity earnings will show whether IBM’s historic Tuesday selloff was company-specific or a broader sector warning.
IBM’s plunge followed a weak quarter and outlook tied to its slow adaptation to the AI-driven market, with CEO Arvind Krishna pointing to revenue diversion and cybersecurity-related distractions.
July 17 starts the readout with Wipro, followed by Infosys on July 23, SAP, ServiceNow and Microsoft in late July, and Cognizant and Capgemini around early August.
Cybersecurity names could also test IBM’s explanation: Check Point and Fortinet report around late July and early August, with Palo Alto Networks, CrowdStrike and Zscaler due later in August.
Burry said corroboration from peers would suggest Wall Street may have overreacted and that temporary spending shifts—not customer abandonment—could explain IBM’s setback.