IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

IBM has reduced its annual revenue growth forecast because customers are prioritizing spending on AI infrastructure. Conversely, ServiceNow has raised its annual subscription revenue forecast once again, driven by strong AI-driven demand. These divergent financial outlooks highlight how different segments of the technology sector are reacting to the current shift in corporate spending toward artificial intelligence capabilities, affecting both hardware-centric infrastructure and software-based subscription models across the global enterprise market.