CEO Krishna: Customers blew their Z budgets on servers and storage before prices spike, Q2 financials disappointing IBM says customers spooked by soaring demand for AI infrastructure raided their mainframe budgets to stockpile servers, storage, and memory instead, knocking Big Blue flagship Z business off course. Ahead of its full calendar Q2 earnings release next week, IBM took the unusual step of publishing preliminary quarterly results alongside a letter from CEO Arvind Krishna explaining...
