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

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 (Nasdaq: AAPL) has seen its shares fall 11% over the past month, while Nvidia has seen its shares fall (Nasdaq: NVDA) over 12%. But until yesterday, IBM (NYSE: IBM) was one of the big-name tech giants that rode out the tariff storm pretty well. While IBM’s stock price did tank along with the rest of the markets in early April, it has recovered nicely since then and...