# BONUS: The Real Reason IBM's AI Panic Wiped Out $67 BILLION

Page: https://stenobird.com/podcast/the-philip-defranco-show-1447137/bonus-the-real-reason-ibm-s-ai-panic-wiped-out-67-billion
Text version: https://stenobird.com/podcast/the-philip-defranco-show-1447137/bonus-the-real-reason-ibm-s-ai-panic-wiped-out-67-billion.md
Podcast: [The Philip DeFranco Show](https://stenobird.com/podcast/the-philip-defranco-show-1447137)
Published: 2026-07-17T11:00:00+00:00
Episode link: https://mgln.ai/e/94/claritaspod.com/measure/verifi.podscribe.com/rss/p/pfx.vpixl.com/j0JIg/traffic.megaphone.fm/AETTA9902914138.mp3
Audio file: https://mgln.ai/e/94/claritaspod.com/measure/verifi.podscribe.com/rss/p/pfx.vpixl.com/j0JIg/traffic.megaphone.fm/AETTA9902914138.mp3
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Duration seconds: 565

## Resource

Today's FULL PDS here: https://youtu.be/qJTQZj6xUUc?si=W8ELxIzgfQTDMBO_   Tonight's Live Reaction & Lindsay4Georgia Fundraiser: https://youtube.com/live/cSCWZYJhPZk?feature=share  Watch the full Daily DeFranco Show: https://www.youtube.com/@PhilipDeFranco?sub_confirmation=1  Get More News Clips: https://www.youtube.com/channel/UCpLB7kBu9O5dbBKhaIOmqcQ?sub_confirmation=1  IBM just suffered its worst stock crash since 1968, wiping out nearly $70 billion in a single day after a shocking unscheduled letter from CEO Arvind Krishna. But this isn't just about one company, it's a massive warning sign that enterprise budgets are being cannibalized to fund the AI hardware gold rush. Today, we're diving into the reality of the AI economy, who is actually making money, and who is being left holding the bag. Plus, we look at Jim Cramer's spectacularly wrong timing, Anthropic's race toward a $1 trillion IPO, and the growing frustration over 'AI washing.' Let's jump into it. ——————————     Produced by: Cory Ray, Philip DeFranco Edited by: James Girardier, Maxwell Enright, Julie Goldberg, Christian Meeks, Matthew Henry Art Department: William Crespo Writing/Research: Chris Tolve, Philip DeFranco ———————————— #IBM #AIBubble #JimCramer #Anthropic Learn more about your ad choices. Visit megaphone.fm/adchoices

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