Woofun AI reports that IBM stock declined more than 20% in pre-market trading, driven by preliminary Q2 revenue figures that fell short of analyst expectations. The shortfall stems from clients reducing expenditures on software and infrastructure.

Meanwhile, SK Hynix has initiated mass production and shipment of 12-layer HBM4 for NVIDIA's "Vera Rubin" platform. New York State has also imposed an immediate, one-year suspension on new large-scale data centers consuming 50 megawatts or more.