** Shares of International Business Machines IBM.N steady after sharp declines on Tuesday, up 0.7% at $218.49 in premarket trading

** Stock slumped 25.2% in previous session, marking its biggest daily decline on record of CRSP U.S. Stock Database from Morningstar, that goes back to December 31, 1925

** IT company's shares debuted on November 11, 1915 as Computing-Tabulating-Recording Co (CTR) and was later renamed as IBM in 1924

** Co lost about $69 billion in market value on Tuesday after CEO flagged AI infrastructure boom was drawing spending away from other technologies and issued prelim Q2 forecasts that were below estimates

** Co's prelim results weighed on U.S., European software and Indian IT stocks as investors gauge if newer AI models could potentially disrupt business models of traditional software companies

** Stock hit its lowest in nearly two months and has lost over a quarter of its value so far this year