IBM Q3营收/EPS超预期并上调全年自由现金流指引，但CEO称大客户开始审视AI支出真实ROI，盘前股价跌约4.5%

International Business Machines ( IBM ) shares fell 5% in premarket trading Thursday, putting exchange-traded funds (ETFs) with significant exposure to the technology company in focus, despite its third-quarter results beating Wall Street estimates. IBM reported third-quarter revenue of $17.1B, up 5% year over year, while adjusted earnings rose 11% to $2.95 per share. However, comments from CEO Arvind Krishna about enterprise customers scrutinizing returns on artificial intelligence spending may have added to investor concerns. During the earnings call, Krishna said larger enterprises were becoming more aware of the “true ROI” of their AI spending and worried that some spending could spiral out of control without delivering meaningful returns. However, he stressed that this does not undermine AI’s potential. “There is no question to us,” Krishna said, emphasizing that AI’s productivity benefits and its potential to transform the way people work “is very real.” IBM’s share-price decline could weigh on ETFs holding the stock. Around 557 ETFs have exposure to IBM, with the following funds showing the highest weightings. FT Vest Technology Dividend Target Income ETF ( TDVI ) — 8.66 % First Trust NASDAQ Technology Dividend Index Fund ( TDIV ) — 8.65% weighting WisdomTree Quantum Computing Fund ( WQTM ) — 6.39% Corgi Quantum Computing ETF ( CQTM ) — 6.11% Invesco Dow Jones Industrial Average Dividend ETF ( DJD ) — 6.04 % State Street SPDR Portfolio S&P Sector Neutral Dividend ETF ( SPDG ) — 5.63 % Corgi IP Licensing & Royalties ETF ( PTNT ) — 5.33% First Trust New Constructs Core Earnings Leaders ETF ( FTCE ) — 5.24% iShares Core Dividend ETF ( DIVB ) — 5.16% iShares Blockchain and Tech ETF ( IBLC ) — 4.5%