IBM Plunged After Issuing a Warning on the Software Sector. Time to Buy?
The tech sector stalwart now depends heavily on its software business, but investors need to think longer term.
Overview
International Business Machines (NYSE: IBM) just experienced one of the largest one-day declines in its history. That 25% drop on Tuesday came after CEO Arvind Krishna admitted that high capital expenditures on hardware had caused many companies to shift budgets away from software spending.
Such a sharp reaction from the market will understandably leave many investors wondering how to react. However, there are good reasons to treat this plunge as a buying opportunity.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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