Krishna said IBM expected some disruption from supply-chain constraints but underestimated how dramatically customers would shift their spending. Krishna said IBM expected some disruption from supply-chain constraints, but underestimated how dramatically customers would shift their spending. IBM (NYSE: IBM) shares dropped 24% on July 14 after the tech giant unexpectedly released preliminary second-quarter earnings a week ahead of schedule (1). The AI revolution has transformed the stock market, turning a handful of technology companies into some of the world's most valuable businesses. Add real estate to the mixReal estate offers another way to diversify beyond an increasingly expensive stock market.