IBM experienced the biggest stock drop in its history, over 25%, with a quarter-trillion-dollar company down $50 billion in a day, due to a shift in enterprise spending away from traditional legacy hardware, software, and services toward AI-related budgets. Meta shifted its strategy on siting data centers, having been one of the top spenders on AI data-center infrastructure at $130, $140, now $145 billion this year, amid rising local resistance and a one-year moratorium on AI data centers in New York State.