2026-07-15：The AI Vampire Squid: IBM's 25% Collapse Proves Generative AI is Cannibalizing Legacy IT Budgets

IBM drops about 25 percent, and the market gets a clue it may not have wanted: the AI boom might be feeding by draining legacy IT budgets. Beneath the cheerful CPI reaction, energy did most of the disinflation work, while food and services still refuse to fully cooperate. Meanwhile, JPMorgan quietly turns volatility into a profit engine, Micron rides a memory-scarcity wave, and Autodesk flashes one of the cleaner short-side technical signals in legacy software. But the real twist sits outside the earnings tape: oil is calm while Hormuz risk lingers in the background. Is this a healthy rotation, or the first sign that AI capex is becoming a budget predator? Full report: https://deepmarket.report/en/report/us_stocks/2026-07-15?utm_source=podcast&utm_medium=rss&utm_campaign=podcast-us_stocks-en&utm_content=2026-07-15-en&utm_term=report_link