IBM Falls over 3% While Microsoft Sinks 1%. Starbucks Develops AI Tools to Reduce Dependence on IBM Software

Market Focus07-09 18:46

IBM fell over 3% in pre-market trading while Microsoft sank nearly 1%.

On the news front, reports emerged that Starbucks is leveraging artificial intelligence to develop proprietary internal tools aimed at replacing software currently purchased from IBM and Microsoft.

According to an internal presentation document, Starbucks is specifically building alternatives to IBM's maintenance management tools and Microsoft's inventory tracking systems. The initiative is part of Starbucks' broader $2 billion cost-reduction plan. Starbucks' CTO previously disclosed that the company spends approximately $400 million annually on software alone, identifying clear room for cuts. Starbucks has reportedly been encouraging its technology team to adopt AI extensively, even incorporating AI usage metrics into employee bonus evaluations.

The news raised market concerns about a growing trend of enterprise customers using AI to develop in-house solutions that replace traditional IT vendor software. IBM's next earnings report is expected on July 22, with consensus EPS of $3.02.

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Jas2davir
07-09 21:02
Jas2davir
You know this shits rigged when a coffee company is making an ai

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Starbucks Develops AI Tools to Reduce Dependence on IBM Software","media":"Market Focus","content":"<html><head></head><body><p style=\"text-align: left;\">IBM fell over 3% in pre-market trading while Microsoft sank nearly 1%.</p><p style=\"text-align: left;\">On the news front, reports emerged that Starbucks is leveraging artificial intelligence to develop proprietary internal tools aimed at replacing software currently purchased from IBM and Microsoft. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/570838db33f08c40b3a4a59707bf6eb1\" data-align=\"center\" tg-width=\"489\" tg-height=\"174\"/><span></span></p><p style=\"text-align: left;\">According to an internal presentation document, Starbucks is specifically building alternatives to IBM&#39;s maintenance management tools and Microsoft&#39;s inventory tracking systems. The initiative is part of Starbucks&#39; broader $2 billion cost-reduction plan. 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IBM&#39;s next earnings report is expected on July 22, with consensus EPS of $3.02.</p><p style=\"text-align: left;\"></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IBM Falls over 3% While Microsoft Sinks 1%. 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Starbucks Develops AI Tools to Reduce Dependence on IBM Software\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-09 18:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">IBM fell over 3% in pre-market trading while Microsoft sank nearly 1%.</p><p style=\"text-align: left;\">On the news front, reports emerged that Starbucks is leveraging artificial intelligence to develop proprietary internal tools aimed at replacing software currently purchased from IBM and Microsoft. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/570838db33f08c40b3a4a59707bf6eb1\" data-align=\"center\" tg-width=\"489\" tg-height=\"174\"/><span></span></p><p style=\"text-align: left;\">According to an internal presentation document, Starbucks is specifically building alternatives to IBM&#39;s maintenance management tools and Microsoft&#39;s inventory tracking systems. 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Starbucks Develops AI Tools to Reduce Dependence on IBM Software\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-09 18:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">IBM fell over 3% in pre-market trading while Microsoft sank nearly 1%.</p><p style=\"text-align: left;\">On the news front, reports emerged that Starbucks is leveraging artificial intelligence to develop proprietary internal tools aimed at replacing software currently purchased from IBM and Microsoft. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/570838db33f08c40b3a4a59707bf6eb1\" data-align=\"center\" tg-width=\"489\" tg-height=\"174\"/><span></span></p><p style=\"text-align: left;\">According to an internal presentation document, Starbucks is specifically building alternatives to IBM&#39;s maintenance management tools and Microsoft&#39;s inventory tracking systems. 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IBM&#39;s next earnings report is expected on July 22, with consensus EPS of $3.02.</p><p style=\"text-align: left;\"></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168349057","content_text":"IBM fell over 3% in pre-market trading while Microsoft sank nearly 1%.On the news front, reports emerged that Starbucks is leveraging artificial intelligence to develop proprietary internal tools aimed at replacing software currently purchased from IBM and Microsoft. According to an internal presentation document, Starbucks is specifically building alternatives to IBM's maintenance management tools and Microsoft's inventory tracking systems. The initiative is part of Starbucks' broader $2 billion cost-reduction plan. 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