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Friday, December 5, 2025

IBM price, Q1 earnings: Stock sinks 6% after news that Elon Musk’s DOGE cuts thwarted 15 government contracts

The tech giant’s quarterly results beat analyst estimates, but it also lost $100 million in future revenue from federal sales. Over the past 30 days, many big-name tech giants have seen their stock prices fall hard, largely thanks to President Trump’s chaotic tariff rollout. For example, Apple …

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