Key Takeaways IBM stock fell 8.6% in three months, underperforming industry growth of 9.8%.Margin pressure stems from price wars with AWS and Microsoft Azure.IBM eyes growth through hybrid cloud, AI demand and the watsonx platform.International Business Machines Corporation (IBM) has declined 8.6% over the past three months against the industry’s growth of 9.8% due to macroeconomic challenges. The stock has lagged peers like Microsoft Corporation (MSFT) and Amazon.com, Inc. (AMZN) . While Microsoft has gain ...